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Philip Morris Fortune Tobacco Corp. (PMFTC), the joint venture firm between American Tobacco giant and taipan Lucio Tan, found its massive market share eroded by cheaper products amid a steep excise tax hike implemented in January last year.

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MARLBORO AND FORTUNE

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                    [Title] => PMFTC market share down to 79.3% in Jan
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Philip Morris Fortune Tobacco Corp. (PMFTC), the joint venture firm between American Tobacco giant and taipan Lucio Tan, found its massive market share eroded by cheaper products amid a steep excise tax hike implemented in January last year.

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abtest

PMFTC market share down to 79.3% in Jan

By Zinnia B. Dela Peña | February 11, 2014 - 12:00am

Philip Morris Fortune Tobacco Corp. (PMFTC), the joint venture firm between American Tobacco giant and taipan Lucio Tan, found its massive market share eroded by cheaper products amid a steep excise tax hike implemented...

Business