Magnit
Russian retail company / From Wikipedia, the free encyclopedia
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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.
Native name | ПAO "Магнит" |
---|---|
Company type | Public (PAO) |
MCX: MGNT LSE: MGNT | |
Industry | Retail |
Founded | 1994; 30 years ago (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 |
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]