Philip Morris International is evaluating the sale of its US cigar business, a move aligning with its major transition towards smoke-free offerings, which may have driven its shares up 20% over ...

(Bloomberg) -- Philip Morris International Inc. is exploring a potential sale of its cigar business in the US, people familiar with the matter said, as the tobacco maker continues its shift toward ...

Altria and Philip Morris have differentiated themselves from each other considerably since splitting into two companies. Philip Morris now makes 40% of its revenue from next-gen, smoke-free products.