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Finance

Is Marlboro Going Out of Business? No, Just Shifting Gears

Marlboro has sold cigarettes in the U.K. for more than a century, but that legacy is coming to an end. Over the next 10 years, it will phase out Marlboro cigarettes on U.K. shelves. Philip Morris CEO Jacek Olczak is working to lobby against his own products in an effort to align the company with modern views on tobacco.

Much to consumers’ surprise, Marlboro has hopes of transforming itself into a health and wellness company. This seems to juxtapose its core business of cigarette and tobacco sales, but that isn’t stopping Marlboro from making the move.

View more information: https://marketrealist.com/p/is-marlboro-going-out-of-business/

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