1989
Philip Morris paid $12.9 billion for Kraft General Foods in 1988
Philip Morris paid $12.9 billion for Kraft General Foods in 1988
Philip Morris paid $12.9 billion for Kraft General Foods in 1988
On January 27, 2003, Philip Morris Companies Inc. changed its name to Altria Group, Inc. On March 30, 2007, a spin out of Kraft Foods subsidiary (publicly traded since 2001) was concluded through distribution of the remaining stake of shares (88.1%) to Altria shareholders. As a result, Altria no longer holds any interest in Kraft Foods. (see Wikipedia, "Altria Group")
No Kraft is no longer owned by anyone other than the shareholders of Kraft itself. It used to be a division of Altria (formerly Phillip Morris) but was recently spun off and no exists independently.
Philip Morris is the parent company of Kraft Foods. In 2000, they purchased Nabisco Holdings and merged it with Kraft Foods. Brands owned by the two include Maxwell House, Velveeta, and Oreos.
Conant was hired by Kraft as the vice president of strategy for Kraft USA--the company created when Kraft merged with Philip Morris--and vice president of marketing and strategy for Kraft's Grocery Products Group.
Nabisco Foods Group is owned By Kraft Foods.
Kraft Foods Inc. employs 106,000 people
Kraft Foods Inc. employs 106,000 people
A large number of major world companies buy coffee. These include businesses like Kraft, Phillip Morris, Proctor and Gamble, and the Specialty Coffees Association of America.
Kraft foods is owned by a cigarette company, what do you expect?