Description
Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of consumer goods under the Magnit name in Russia. The companys retail operations are operated through convenience stores, cosmetic stores, hypermarkets, and others. It is also involved in rental operations. As of March 31, 2018, the company operated 16,625 stores, including 12,283 convenience, 242 hypermarkets, 210 Magnit Family stores, and 3,890 drogerie stores in 2,764 cities and towns throughout 7 federal regions of the Russian Federation; and 37 distribution centers. Public Joint Stock Company Magnit was founded in 1994 and is headquartered in Krasnodar, Russia.