Tag - PMI

UK: Vectura shareholders urged to reject Philip Morris takeover

Health experts, medics and charities warn £1.1bn tobacco firm deal could cost inhaler maker access to government grants. Shareholders in the asthma inhaler maker Vectura have been urged to reject a £1.1bn takeover by the tobacco company Philip Morris International (PMI), in an open letter signed by 35 health charities, public health experts and doctors...

PMI’s surprise embrace of a cigarette-free future must not distract from tobacco control

As its behaviour in emerging markets makes clear, the tobacco industry's post-cigarette rhetoric only seems to apply to the Western markets where it is losing ground. The CEO of Philip Morris International (PMI), Jacek Olczak, has made a surprising request for the UK government to abolish traditional cigarettes by 2030–including his own. The tobacco executive told the Mail...

China’s State Tobacco Company is Massive at Home. Now it’s Ready to Take Over the World

It’s the biggest cigarette company you’ve never heard of. While the China National Tobacco Corporation (CNTC) produces nearly half the world’s cigarettes, almost all of them have been consumed at home. Until recently. In 2015, state-owned CNTC jumped on China’s “Belt and Road” initiative, a global strategy for developing Chinese infrastructure and trade that built on the...

Big Tobacco ploughing crooked furrow in African markets

Two troubling recent investigations from the Organized Crime and Corruption Reporting Project (OCCRP) have shone a fresh spotlight on the tobacco industry’s continued complicity in tobacco smuggling in Africa. The first highlighted how Philip Morris (PMI)’s representative in Burkina Faso, Apollinaire Compaoré, remains in the tobacco giant’s employ despite being well-known throughout the region...