It is one of the world’s largest tobacco corporations. It is based in Henrico Country, Virginia, USA.
Image: company site
It is the holding company of John Middleton, Chateau Ste, Philip Morris USA, U.S. Smokeless Tobacco Company Inc., and Philip Morris Capital Corporation. Michelle Wine Estates. It has its headquarters in Virginia, prior to which it base was located in New York, USA. The group also owns an economic share of 28.7% in SABMiller PLC. In the tobacco segment its brands include Marlboro, Black & Mild, Husky, L&M, Basic Next, Red Seal, Players and others. In the wine segment it has brands like Seven Falls, Erath, and Fourteen Hands etc.
Altria Group spun off Philip Morris International in 2008 citing a reason that Philip Morris International would have more freedom by operating outside the constraints and boundaries of US corporate ownership in terms of legislative restrictions and litigation factors to focus on the sales growth in emerging markets, while Altria can focus on United States of America.
After the spun off of Philip Morris International in 2008, the company tried to expand its product portfolio in USA by not only concentrating on the cigarette business but also on cigar and smokeless tobacco. In 2008, the company went on to purchase John Middleton, a cigar manufacturer from Bradford Holdings. It also purchased UST Inc in 2009 whose products include smokeless tobacco and wine. This helped in ending the competition between Marlboro smokeless tobacco products and UST Inc products.