Magnit

OJSC Magnit

Type	Public (RTS:MGNT MICEX: MGNT LSE: MGNT)
Industry	Retail
Founded	1994
Headquarters	Krasnodar, Russia
Key people	Dmitry Igorevich, (Chairman) Sergei Galitsky, (CEO)
Products	Consumer goods
Revenue	7.7 Billion (2010)
Profit	333.7 Million (2010)
Employees	79.000
Website	www.magnit-info.ru

Magnit (RTS:MGNT / MICEX: MGNT, LSE: MGNT) is the Russian retail market leader by number of stores. Was founded in 1994 by Russian billionaire Sergey Galitsky in Krasnodar.

Today the company has 57 branches, more than 3.228 stores in more than 974 locations. Currently several tens of stores are opening every month, and employs more than 79.000 employees.

Since 2006 the Company develops a new retail project – federal chain of “Magnit” hypermarkets in many Russian cities and towns. Hypermarket is the object of a new format for every city. Its main features are modern functional design, spacious layout, large and convenient parking space, full assortment of goods for the whole family in one place – all are highly demanded in the market of every city where our hypermarkets are under construction or already operate.

References

External links

• Official english site