AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share


Company nameOJSC Magnit
Company typePublic
Lse - MGNT)
HeadquartersKrasnodar, Russia
Key peopleDmitry Igorevich, (Chairman)
Sergei Galitsky, (CEO)
ProductsConsumer goods
Revenue(+) 7.7 Billion (2010)
Net income(+) 333.7 Million (2010)

     Home | Company | Magnit

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.

Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260