Philip Morris Companies, Inc., (New York, New York), the makers of Marlboro cigarettes, Kraft foods, Nabisco snacks, and Miller beer, have, after 150 years, announced that they intend to change their corporate name from “Philip Morris” to Altria Group, Inc.
Chairman and CEO, Mr. Geoffrey C. Bible indicates that the change is being undertaken for two reasons:
1) The need for clarity and to separate the identity of the parent company from the tobacco company which operates under the same name.
2) As the result of evolution. With the acquisition of Nabisco and the public offering of Kraft, they aren’t the same family of companies they once were, and so they need to change their name to more accurately reflect themselves.
Philip Morris Companies have spent over $200 million in corporate-image advertising over the last two years, designed to improve the image of “Philip Morris.” Philip Morris explains that, while their corporate image scores have improved as a consequence of this advertising, “Philip Morris” is still, nevertheless, viewed as a tobacco company.
Philip Morris Companies insist that their intent is not, per se, to distance themselves from tobacco, but to delimit those tobacco associations to “Philip Morris” the tobacco company, while the Altria Group, Inc. as a house of brands, adopts a new name and identity adequate to include each of the brands presently owned, and to encompass their future plans. As Mr. Bible indicates, the business has changed to become more than just a tobacco company.
The significance of the new name, “Altria,” according to Mr. Bible, is derived from the Latin word “altus,” which means “high,” and reflects “the corporation’s desire for its family of companies to always ‘reach higher’ in striving to achieve greater financial strength and growth through operational excellence, consumer brand expertise, and a growing understanding of corporate responsibility.”
Shareholders will have the opportunity to approve the new name during April of 2002.
Many industry watchers consider this an attempt by the now Philip Morris Companies to distance themselves from the negative associations surrounding “tobacco,” and thus to slip out from underneath their ignoble reputation and activities. Others suggest it is a precursor to spinning “Philip Morris” entirely out of the house-of-brands corporate brand portfolio.
Whether they spin “Philip Morris” out of their portfolio or not, if they can make the new name work, it could, as well, be seen as good brand management under a house-of-brands strategy.
Copyright © 2001 KLM, Inc. All Rights Reserved.
People in Australia buy more medicaments per person than any other area. The variety of medicines provided by online drugstores is definitely a contributing factor to recipe remedy abuse epidemic. What points folk look for when they plan to purchase some medicaments? Ordering medications on the Web can be a best idea, as long as you do it responsibly. Numerous remedies are used to treat Bacterial Conjunctivitis. Many humanity buy online such medicaments like Cialis. What about free cialis coupon and sexual health? Did somebody tell you about cialis.com free sample? On occasion folk are looking for medications to resolve sexual heartiness problem. Erectile dysfunction can be an early warning sign of grave medicinal problem. Why it happen? What kinds of professionals treat sexual heartiness problems in men? Ask everyone and he will answer that any remedy has side effects. Before buying Cialis or other cure, tell your dispenser if you have any allergies. This product may contain inactive ingredients, which can cause other problems. Usually online pharmacy which is ready to sell such drugs like Cialis without a valid prescription is fraudulent. When you buy from an unknown web-site, you run the risk of getting faked medicaments.