 | |
Native name | ПAO «Магнит» |
|---|---|
| Company type | Public (PAO) |
| MCX: MGNT LSE: MGNT | |
| Industry | Retail |
| Founded | 1994 |
| Founder | Sergei Galitsky |
| Headquarters | Russia, |
Number of locations | 18,399 (2018) |
Key people | Jan Dunning (CEO) |
| Products | Consumer goods |
| Revenue | $21.5 billion[1] (2020) |
| $5.07 billion[1] (2020) | |
| $458 million[1] (2020) | |
| Total assets | $13.1 billion[1] (2020) |
| Total equity | $2.54 billion[1] (2020) |
Number of employees | 300,000 |
| Website | www |
Magnit (Магнит, "Magnet") is one of Russia's largest food retailers.[2] It was founded in 1994 in Krasnodar by Sergey Galitsky. As of March 2016, the company had 12,434 stores in 2,385 locations. They include 9,715 convenience stores, 225 hypermarkets, 2,337 Magnit Cosmetics stores and 157 Magnit family stores.[3] The company employs more than 140,000 people and has been opening several dozen stores each month.
Since 2006, the company has developed a chain of "Magnit" hypermarkets in many Russian cities and towns. It overtook its rival X5 Group as Russia's largest retailer in terms of sales in April 2013, although it is still under-represented in Moscow.[4] As of July 2014, it is the world's fourth largest retailer by market capitalization.[5] However, the largest retailer in Russia in 2017 is the X5 Group.[6]
Since November 2021 Marathon Group owned by Alexander Vinokurov has become the largest shareholder[7]
- ^ a b c d e "FY 2020 Audited Financial Results" (PDF). Magnit. 15 March 2021. p. 73. Retrieved 15 March 2021.
- ^ "A Magnit for investors". The Economist. 8 June 2013. Retrieved 26 January 2017.
- ^ "Magnit today - Magnit retail chain". magnit-info.ru. Archived from the original on 28 April 2017. Retrieved 26 January 2017.
- ^ Брызгалова, Екатерина (12 April 2013). "X5 сдалась "Магниту"" [X5 surrendered to Magnit]. Gazeta.Ru (in Russian). Retrieved 26 January 2017.
- ^ Ищенко, Наталья (14 July 2014). ""Лента" указала X5 на место в рознице" ["Lenta" pointed X5 to a place in retail]. Vedomosti (in Russian). Retrieved 26 January 2017.
- ^ Rennack, Sebastian (24 April 2017). "X5 Widens the Gap with Magnit". Lebensmittel Zeitung. Archived from the original on 2 July 2018. Retrieved 30 June 2018.
- ^ "Magnit announces the changes of the rights of VTB Bank and Marathon Group to dispose a certain number of votes accounted for voting shares of PJSC Magnit". Magnit. magnit.com. 7 December 2021. Retrieved 10 December 2021.