Magnit
 | |
| Type | Public (OAO) |
|---|---|
| Traded as |
MCX: MGNT LSE: MGNT |
| Industry | Retail |
| Founded | 1994 |
| Headquarters | Krasnodar, Russia |
| Key people |
Dmitry Igorevich (Chairman) Sergei Galitsky (CEO) |
| Products | Consumer goods |
| Revenue |
 US$14.4 billion (2012) |
| Profit |
US$807.2 million (2012) |
| Employees | 145,000 |
| Website | www.magnit-info.ru |
Magnit is the Russian retail market leader by number of stores. Magnit was founded in 1994 by Russian billionaire Sergey Galitsky in Krasnodar.
Today the company has 7,416[1] stores in 1,389 locations, being 6,209 convenience stores, 132 hypermarkets, 713 Magnit Cosmetics store and 21 Magnit family stores. Currently dozens of stores are opening every month, and the company employs more than 140,000 employees.
Since 2006, the company developed a new retail project – federal chain of “Magnit” hypermarkets in many Russian cities and towns. Hypermarket is the objective of a new format for every city. Its main features are modern functional design, spacious layout, large and convenient parking spaces, and a full assortment of goods for the whole family in a single location.
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