NEW YORK -- A major restructuring plan at Philip Morris Cos. here could mean lower prices to retailers, according to securities analysts who follow the tobacco and food giant. Philip Morris counts Marlboro and Virginia Slims cigarettes, Miller beer, Post Cereals, Oscar Mayer meats, Entenmann's cakes, Lender's bagels, Budget Gourmet, Jell-O and Kraft jellies and cheeses among its stable of brands. It said the restructuring plan, announced late in November, would significantly reduce its cost ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.