Altria Group

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The Altria Group is a publicly traded tobacco and consumer goods company based in Richmond, Virginia. Formerly known as Philip Morris Companies Inc., it changed its name to Altria in 2003. It is the parent company of Philip Morris USA, the largest cigarette manufacturer in the United States, as well as other well-known brands such as Marlboro, Parliament, and Virginia Slims. Altria also owns a 10.2% stake in global tobacco company AB InBev.
In addition to its tobacco products, Altria also has a diverse portfolio of other consumer goods brands, including Ste. Michelle Wine Estates, Black & Mild cigars, and smokeless tobacco products.
The company has a strong presence in the United States market, with its products being sold in over 150 countries worldwide. It also has a significant presence in the e-cigarette market through its subsidiary Nu Mark.
In recent years, Altria has faced criticism and legal challenges for the health effects of its tobacco products and its marketing tactics, particularly targeting youth consumers. It has also faced challenges and regulatory changes in the tobacco industry, as smoking rates decline and the popularity of e-cigarettes and other alternative nicotine products rises.
Historically, Altria has also been known for its philanthropy and community involvement, with a focus on youth education and community development programs. It has also been recognized for its efforts in promoting diversity and inclusion in the workplace.
Overall, the Altria Group is a highly influential and controversial company, with a long and complex history in the tobacco industry. As the market for tobacco and related products continues to face challenges and changes, the future of the company remains uncertain.

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See Company Q&A