Magnit

Magnit is one of Russia's largest food retailers, operating a chain of supermarkets, convenience stores, and hypermarkets across the country. The company was founded in 1994 in Krasnodar, Russia, and as of March 2016, it had 12,434 stores including 9,715 convenience stores, 225 hypermarkets, 2,337 Magnit Cosmetics stores, and 157 Magnit family stores in 2,385 locations.

Magnit offers a wide range of products to its customers, including groceries, household items, electronics, clothing, and more. Magnit's stores are known for their affordable prices, high-quality products, and convenient locations.

In addition to its physical stores, Magnit also has an online platform that allows customers to shop for products and have them delivered to their homes. The company has invested heavily in technology and logistics to ensure fast and efficient delivery to its customers across the country.

Magnit is one of the leading players in the Russian retail market, with a strong brand and a loyal customer base. As of April 2022, Sberbank has a market cap of $7.07 B. According to Magnit 's latest financial reports, the company's current revenue (TTM) is $24.90 B. In 2021 the company made a revenue of $24.90 B an increase over the year's 2020 revenue which was $20.84 B.

Founded: 1994