The history of what is now a global company can be traced back to Philip Morriss 1854 chess opening of a single shop on Londons Bond Street, marketing tobacco and ready-made cigarettes.
On Mr. Morriss death, the business was taken everyplace by his wife Margaret and his brother Leopold. In 1881 the company went public, Leopold Morris joining Joseph Grunebaum to establish Philip Morris & Company and Grunebaum, Ltd. This partnership was dissolved in 1885 and the company became known as Philip Morris & Co., Ltd.
The company ultimately left the founding familys control in 1894, when it was taken all over by William Curtis Thomson and his family. Under Thomson, the company was appointed tobacconist to major power Edward VII and, in 1902, was incorporated in New York, by Gustav Eckmeyer.
Ownership was split 50-50 between the British parent and American partners. Eckmeyer had been sole agent for Philip Morris in the US since 1872, importing and sell English-made cigarettes.
1919 was a crucial year for the company. It saw the introduction of the Philip Morris coronet logo, the erudition of the Philip Morris Company in the US by a impudent firm owned by American stockholders, and its incorporation in Virginia under the name of Philip Morris & Co., Ltd., Inc. By the end of the coterminous decade, the company had begun to manufacture cigarettes in its factory in Richmond, Virginia; in 1924, what was to become its most famous brand, Marlboro, was introduced.
By the mid-1950s the company had...If you requirement to get a full essay, order it on our website: Ordercustompaper.com
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