Philip Morris to Help the UK Solve Smoking Problem by Withdrawing Marlboro Cigarettes

Philip Morris to Help the UK Solve Smoking Problem by Withdrawing Marlboro Cigarettes

(Reuters) Philip Morris International plans to end the sale of its Marlboro cigarettes in the UK in the next ten years.

Philip Morris’s aim is to help the UK to eradicate smoking in the country by 2030.

The tobacco group expects the help of regulators and governments in its move to stamp out smoking.

Morris’s move will end its 100-year operation in the UK, with the company seeking to diversify away from cigarettes.

Morris is a $153 billion-dollar entity and sells Marlboro outside the US after its spin off from Altria in 2008.

PM: NYSE is down -0.73%.

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