Philip Morris International Inc
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Consumer Staples : Tobacco | Large Cap Value
Company profile

Philip Morris International Inc. is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada. The Company's portfolio of international and local brands is led by Marlboro. Its mid-price brands are L&M, Lark, Merit, Muratti and Philip Morris. Its other international brands include Bond Street, Chesterfield, Next and Red & White. The Company also owns various local cigarette brands, such as Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Jackpot in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
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Market Hours

Closing Price
$74.14
Day's Change
-0.85 (-1.13%)
Bid
--
Ask
--
B/A Size
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Day's High
74.97
Day's Low
73.51
Volume
(Light)
Volume:
3,934,522

10-day average volume:
5,029,709
3,934,522

Luna Global Networks Supports Private-Sector Campaign Against COVID-19 Fraudulent Goods

6:45 pm ET July 13, 2020 (PR Newswire) Print

Luna Global Networks today joined Philip Morris International Inc. (PMI) in launching a new two-month advertising campaign designed to raise awareness of the trade of fraudulent personal protective equipment and resources available to combat the trade of these goods.

"We are proud to be partnering with PMI and other private industry brand protection leaders and long-time partners in fighting illicit trade," said David M. Luna, President & CEO, Luna Global Networks.

To date, there have been nearly 1,000 COVID-19-related seizures of prohibited test kits and medicine, counterfeit masks, and other medical equipment in the U.S., which has accounted for $17.9 million in disrupted transactions and recovered funds.

Prior to the COVID-19 pandemic, global illicit trade was already booming from an array of trafficking and smuggling crimes. In fact, today's global illicit markets generate trillions of U.S. dollars every year for transnational criminal organizations, complicit corrupt facilitators, and other threat networks. These profitable criminal activities include the trafficking of narcotics, opioids, arms, and people, fake medicines, counterfeit and pirated goods, illegal tobacco and alcohol products, endangered wildlife, pillaged oil, diamonds, gold, natural resources and precious minerals, and other contraband or commodities. They are sold on our main streets, social media, online marketplaces, and the dark web every hour of every day.

From the onset of the COVID-19 crisis, as the virus spread worldwide, numerous market and supply chain disruptions created new opportunities for criminals in vulnerable sectors. As police and security resources were re-directed, prosecuting the battle against illicit trade was attenuated. Bad actors and threat networks have further accelerated illicit trade in recent months and continue to exploit vulnerabilities in global supply chains to expand illicit economies and criminalized markets in areas such as the life science and healthcare sectors, excisable products, fast-moving consumer goods (FMCG), frauds, cybercrime and other profitable illicit enterprises.

"In fact, COVID-19 has mutated criminality to a higher level of danger as corrupt regimes and criminals enrich themselves through an illicit trade pandemic that puts the health and safety of all citizens and communities at risk, such as fake medicines and counterfeited medical equipment and supplies," said Luna.

About Luna Global Networks & Convergence Strategies LLC

David M. Luna is also a former U.S. diplomat and national security official. He is the current Chair of the Business at OECD Anti-Illicit Trade Experts Group (AITEG); Chair, Anti-Illicit Trade (AIT) Committee of the U.S. Council for International Business (USCIB); co-Director, Anti-Illicit Trade Institute, Terrorism, Transnational Crime and Corruption Center (TraCCC), Schar School of Policy and Government, GMU.

Luna Global Networks is an international security consultancy well-positioned to help clients tackle the most pressing illicit trade and governance challenges and related security threats globally.

Media Contact:

David M. Luna, Luna Global Networks

Info@LunaGlobalNetworks.com

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