Philip Morris International is considering selling its cigar unit to focus on cigarettes

From Investing.com: 2025-03-02 18:57:04

Tobacco giant Philip Morris International is considering selling its cigar business for up to $1 billion, reports Bloomberg. The company is exploring options to divest the unit, which includes brands like Cohiba and Montecristo. This move is part of Philip Morris’ strategy to focus on its core business of selling cigarettes and smoke-free products.



Read more at Investing.com: Philip Morris weighs $1 bln cigar unit sale- Bloomberg