Tander magnit

Magnit is one of the leading retail chains in Russia in the food trade, the leader in the number of stores and the geography of their location.

The company is represented in more than 3,840 localities, almost 13 million people visit the company's stores every day. Magnit operates in a multi-format model, which includes convenience stores, supermarkets, pharmacies and drogeri stores. As of September 30, 2021, the company had 25,315 outlets in 67 regions of Russia. About 55 million people participate in the cross-format loyalty program of the network.

Magnit is a unique company in Russian retail. Along with the sale of goods, the retail chain is engaged in the production of food products under its own trademarks. The company operates several enterprises for the cultivation of vegetables, the production of groceries and confectionery. Magnit owns greenhouse and mushroom complexes, which are among the largest in Russia. The company's logistics infrastructure includes 45 distribution centers and about 5,144 vehicles.

Magnit is included in the list of the largest public companies in the world in the Global 2000 Forbes rating and heads the rating of the largest private employers in Russia according to Forbes. The total number of employees exceeded 300 thousand people.

Magnit was founded in 1994 in the south of Russia in Krasnodar as a small regional company. During this time, Magnit has grown into one of the largest Russian companies. The headquarters of the retail chain is still located in Krasnodar. In 2006, the company held an IPO on the London Stock Exchange. 64% of Magnit's shares are in free circulation and are traded on the Moscow and London Stock Exchanges (LSE: MGNT).