What is the main reason for PMI's spin-off from Altria?
Bankruptcy
Sales growth in emerging markets
Change in management
Product diversification
Answer
Altria spun off Philip Morris International to give it more "freedom" to pursue sales growth in emerging markets. This was done to avoid the responsibilities and standards of American corporate ownership in terms of potential litigation and legislative restrictions.
Smoke and Mirrors: How Well Do You Know Philip Morris International?
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox