Philip Morris Companies Inc.

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{{#badges: tobaccowiki}} Philip Morris Companies Inc. (Parent company of Philip Morris USA, Kraft, Miller): America's seventh-largest industrial enterprise in 1993, owns Kraft, Miller Brewing, General Foods, and more.

Description

The abbreviations for Philip Morris are MO, Philip Morris, or PMC. The parent corporation of Philip Morris, Incorporated (Philip Morris U.S.A.) is in New York. Philip Morris Companies Inc.'s stock symbol is MO (DJ 7/26/94). Philip Morris Companies Inc. was incorporated in Virginia on March 1, 1985 (D. Adams Aff. 6/20/94). Philip Morris Companies Inc. is a Virginia corporation whose principal place of business is located at 120 Park Avenue, New York 10016. The telephone number is 212-880-5000 (D. McAdams Aff. 6/20/94, Value Line 5/20/94). Agent for service of process is MR. Hill B. Welford, Jr., Esq., 951 East Byrd St., Richmond, VA 23219 (D.B. complaint, 4/94). Philip Morris International Inc. is a subsidiary of Philip Morris Companies in 1994 (WSJ 5/16/94). Famous Value Brands was a division of Philip Morris in 1992 (W-SJ 2/17/96). Philip Morris Companies Inc. is America's seventh-largest industrial enterprise in 1993 (U.S. News 4/18/94). In the 1980s, Philip Morris acquired Kraft in 12/88, General Foods in 11/85, and Miller Brewing (U.S. News 4/18/94, Value Line 5/20/94). Sales in the 1988 of $31.3 billion, 53.0 from tobacco. The 1993 sales of $60 billion/$60.9 billion, 42.6% from tobacco. Operating income for the 1988 operating year income was $5.1 billion, 76.3% from tobacco. The year 1993 operating income was $9.3 billion, 55.6% from tobacco (U.S.News 4/18/94). The principal wholly-owned subsidiaries of Philip Morris Companies Inc. are: Philip Morris Incorporated, Philip Morris International Inc., Kraft General Foods Inc., Miller Brewing Co., and Philip Morris Capital Corporation (Philip Morris List of Affil. Castano 5/20/94). In May 1994, Philip Morris Companies agreed to settle an enforcement action for violating New York State's ban on free distribution of cigarettes. Philip Morris agreed to pay the state $250,000. Philip Morris mailed out free samples of five packs of Marlboro cigarettes to more than 44,000 New Yorkers in the summer of 1993 (WSJ 5/19/94).

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