Company
Headquarters: Krasnodar, Russia
Employees: 357,000
CEO: Mr. Jan Gezinus Dunning
₽709.02 Billion
RUB as of Jan. 1, 2024
US$7.85 Billion
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Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of food and consumer goods under the Magnit name. It operates retail business through convenience stores, cosmetic stores, supermarkets, drogerie stores, pharmacies, and others. As of March 31, 2021, the company operated 39 distribution centers and 21,900 stores, including 15,098 convenience, 471 supermarkets, and 6,331 drogerie stores in 3,770 cities and towns throughout 7 federal regions of Russia. It also trades in medicines and medical products; produces medical devices; and engages in the software product development, IT operation, import, rent, and other activities. The company was founded in 1994 and is headquartered in Krasnodar, Russia.
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Public Joint Stock Company Magnit has the following listings and related stock indices.
Stock: MOEX: MGNT wb_incandescent
Stock: LSE: 50XD wb_incandescent
Stock: FSX: 5M71 wb_incandescent