Magnit

Magnit is a major Russian retail company. It operates a chain of convenience stores and supermarkets across Russia. The company was founded by Sergey Galitsky in 1994 and is headquartered in Krasnodar. Magnit is one of the largest food retailers in Russia by revenue and store count.

The company's primary store format is the "Magnit Cosmetic" convenience store, which focuses on fast-moving consumer goods, groceries, and everyday necessities. They also operate larger supermarket formats under the "Magnit Supermarket" brand, offering a wider selection of fresh produce, meats, and other grocery items. Magnit has a significant presence in both urban and rural areas, making its products accessible to a broad customer base.

Magnit's business model emphasizes efficiency and a vertically integrated supply chain. The company manages its own logistics and distribution centers to control costs and ensure product availability. This approach allows Magnit to offer competitive prices to its consumers. Over the years, Magnit has expanded its operations significantly, becoming a dominant player in the Russian retail landscape. The company is publicly traded on the Moscow Exchange.