Magnit

Magnit is a Russian general retail chain that was established in 1994 in Russia. With a total of 22344 stores under various banners, Magnit has grown into one of the largest chains in Russia. In fact, it was even recognised as one of the world’s largest public companies in a list compiled by Forbes magazine. 

Serving around 13 million customers each day, Magnit operates under different banners:

• Magnit Convenience
• Magnit Family Supermarkets
• Magnit Extra Superstores
• Magnit Cosmetic
• Magnit Pharmacy
• My Price discounters
• Magnit City
• Magnit Go

Magnit operates 13 production facilities where it develops products like  ready-meals, cereals, pasta, etc. for its private labels. In addition to that, it owns 4 agricultural sites where it cultivates vegetables. When possible, the company sources its products locally and from sustainable businesses. 

Furthermore, Magnit also developed its online store. 

In 2020, Magnit experienced a rise in its turnover by 13.5%, reaching € 18 billion. Moreover, 300000 people are employed by the company.

As previously specified, Magnit has been providing products under its own labels. These include (but not limited to):

• My Price
• Magnit
• Magnit Freshness

Pertaining to the logistics, Magnit manages 39 distribution centres and there are around 4400 vehicles dedicated to the delivery. 

Magnit is also concerned about reducing food waste as well as carbon emissions and packaging waste. The company supports various charities as well.