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Philip Morris has a new name. You've probably heard it already.
Pop quiz: Can you remember it? Too late. It's Altria. The company
says the word derives from the Latin altus, meaning "high",
and is more representative of its diverse business (which include
food and beer as well as cigarettes) than the Philip Morris
moniker suggests. Critics say it's an attempt to distance the
company from its tobacco-stained image.
Latin scholars, however,
say it doesn't mean anything at all. "'Altria' is not a
Latin word," says Andrew Feldherr, an assistant professor
in the classics department at Princeton University. "It
isn't derived from anything. They made it up. Altus comes
to mind, but so does the Latin word altrix, which means
'wet nurse'."
Whatever it means, the
name Altria won't appear on actual products. The firm's major
divisions - Kraft, Miller, and even Philip Morris - will retain
their separate identities; only the umbrella company and its
stock will carry the Altria Group name.
That may be a good thing,
considering how the name - which was engineered by Landor Associates,
a corporate-identity consulting firm in the Young & Rubicam
division of the WPP Group - has been received so far. "I
think they'd be better off changing who they are," says
Steve Manning, president of A Hundred Monkeys, a branding consultancy.
"But I guess they have to keep that whole tobacco part
of the company." - Grainger David
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