Beautiful $1000 Bond Certificate from Philip Morris Incorporated
dated in 1959. This historic document was printed by American Banknote Company and has an ornate border around it with a vignette of an allegorical woman. This item has the printed signatures of the Company's President and Treasurer and is over 48 years old.
Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc.), based in New York City, is the parent company of Philip Morris International, Philip Morris USA and Philip Morris Capital Corporation, and is one of the world's largest tobacco corporations. In addition, Altria Group, Inc. has a 28.7% economic and voting interest in one of the world's largest brewing companies, UK based SABMiller plc. It is a component of the Dow Jones Industrial Average and S&P 500.
On January 27, 2003, Philip Morris Companies Inc. changed its name to Altria Group, Inc. On March 30, 2007, a spin out of Kraft Foods subsidiary (publicly traded since 2001) was concluded through distribution of the remaining stake of shares (88.1%) to Altria shareholders. As a result, Altria no longer holds any interest in Kraft Foods.
Altria Group, Inc. owns 100 percent of Philip Morris USA, Philip Morris International, and Philip Morris Capital Corporation. It also owns 28.7% of SABMiller plc.
Before the recent restructuring, the net revenue (and operating income) of Altria Group, Inc. came predominantly from its tobacco business, as is shown in the following table. Altria's share of SABMiller's revenue and profits is not included in the table below because its holding it too small to be consolidated in the group accounts.:
Altria's tobacco subsidiary, Philip Morris, is the world's largest commercial tobacco company by sales. Their flagship Marlboro is the world's most popular tobacco brand. Other popular tobacco brands owned by Philip Morris are Parliament, Virginia Slims, and Benson & Hedges (licensed in some markets).
Philip Morris was founded by a London tobacconist of the same name. He was one of the first people to sell hand-rolled cigarettes in the 1860s, selling them under the brand names Oxford and Cambridge Blues, following the adoption of cigarette smoking by British soldiers returning from the Crimean War. The company opened its New York office in 1902 and soon became part of James Duke's American Tobacco Company monopoly.
Though Altria's headquarters are still in New York, in 2004 its Philip Morris USA division completed a move of its 682 New York based employees to Richmond, Virginia. Of the 682 offered relocation, only a handful accepted and relocated. Over 500 New York based employees accepted an early retirement or severance package and did not make the move to Richmond.  It emerged as the number one youth-initiation brand.
Altria's history at a glance
1847: Philip Morris opens a shop in London, selling tobacco and ready-made cigarettes.
1881: Philip Morris goes public in London.
1887: The company becomes Philip Morris & Co., Ltd.
1902: Philip Morris & Co. Ltd. is incorporated in New York.
1919: Acquisition of Philip Morris & Co. in the US by a new firm owned by
American stockholders and incorporation in Virginia under the name of Philip
Morris & Co., Ltd., Inc.
1924: Introduction of the Marlboro brand
1954: The first major affiliate outside the USA is created: Philip Morris
1955: Philip Morris & Co. Ltd., Inc. changes its name to Philip Morris
1955: Philip Morris Overseas is established as an international division
within Philip Morris (to be renamed Philip Morris International in 1967).
1963: Philip Morris acquires its first factory in Europe, Switzerland's
Fabriques de Tabac Réunies (FTR).
1967: Philip Morris reorganizes to create three internal operating divisions
within Philip Morris Incorporated: Philip Morris Domestic, Philip Morris
International and Philip Morris Industrial.
1968: Philip Morris Domestic changes its name to Philip Morris USA.
1969: Philip Morris Inc. acquires Miller Brewing Company from W.R. Grace and
1970: Philip Morris GmbH set up as an affiliate in Germany.
1985: Philip Morris Companies, a holding company, becomes the publicly-held
parent of Philip Morris Incorporated.
1987: Philip Morris International, newly incorporated operating company,
acquires the international business division of Philip Morris, Inc.
1988: Philip Morris Companies Inc. acquires Kraft Foods.
2000: Philip Morris Companies Inc. merges Nabisco, a spin-off from RJR
Nabisco, into Kraft Foods.
2001: Philip Morris International headquarters are relocated from the USA to
2002: Philip Morris Companies Inc. sells Miller Brewing Company to South
African Breweries, retaining a 36% share.
2003: Philip Morris Companies Inc. changes its name to Altria Group, Inc., the
parent company of Kraft Foods, Philip Morris USA, Philip Morris International
and Philip Morris Capital Corporation.
2007: The company announces the spin-off of Kraft Foods, and will concentrate
on its tobacco activity
2007: The company announces the plan to phase out production and jobs at the
Concord, North Carolina plant, ultimately shutting the plant down by 2010.
2007: Altria announces the planned spin-off of Philip Morris International
History from Wikipedia and OldCompanyResearch.com (old stock certificate research service).