In 1972, the company's Marlboro became the world's top-selling cigarette brand. In 1987, Philip Morris International (PMI) was incorporated as an operating company of Philip Morris Companies Inc. In 2001, the operations center of the company was transferred from Rye Brook, New York, to Lausanne, Switzerland. On January 27, 2003, Philip Morris Companies Inc. formally changed its name to the Altria Group. In March 2008, Philip Morris International was spun off from Altria. In April 2014, Philip Morris International announced that it would close its Moorabbin plant in Australia by the end of 2014 after operating for 60 years, due to the gradual decline of sales in the last ten years and difficulties conforming to 2010 Australian government regulation about reducing fire risks. In 2015, the company sold 850 billion cigarettes. In August 2018 Reuters reported that Philip Morris "has been among foreign companies with exposure to Russia’s tobacco market. The company’s sales exposure to Russia is 7 percent, according to a note from Goldman Sachs." As of 2019, main institutional investors are The Vanguard Group with an 8% stake, Capital Research & Management with 5% and BlackRock Fund Advisors with 4%. In July 2021, Philip Morris International agreed to buy Vectura for £1 billion. In November 2021, Philip Morris International announced the relocation of its corporate headquarters from New York to Stamford, Connecticut, which expected to take effect in Summer 2022, while its operational center remained in Lausanne. In 2022, due to the Russian invasion of Ukraine and boycott of the Russian market by many international companies, the company has faced trouble due to its high level of exposure to the Russian market, from which it was reluctant to disinvest. On the same year, PMI has agreed to a $16 billion deal with Swedish Match which would boost its position in cigarette alternatives. Brands Philip Morris International has six multibillion US$ brands including: Dji Sam Soe 234 was launched in 1913 and is a brand of kretek cigarettes. It is the best seller of kretek cigarettes in Indonesia. An iconic brand that is more than 100 years old and became the kretek cultural heritage. L&M was launched by Liggett & Myers in 1953 with the tagline: "American cigarettes of the highest quality with the best filter." L&M variants include full flavor shorts, full flavor 100s, lights, ultra lights, menthol shorts, menthol 100s, menthol light shorts, menthol light 100s, Turkish