Magnit

Lenta Set To Acquire Billa Russia Supermarkets In €215m Deal

Russian retailer Lenta has announced that it has agreed to acquire the supermarket business of Billa Russia for €215 million in cash, in a deal that i...

Russia's Magnit Announces Acquisition Of Dixy Retail Chain

Russian retailer Magnit has announced the acquisition of the Dixy retail chain, which encompasses 2,651 stores across the country. The group made the ac...

Russia's Magnit Sees Like-For-Like Sales Up In First Quarter

Russian retailer Magnit has posted a 4.1% increase in like-for-like sakes in the first quarter of its financial year, with average basket sizes 14.9% highe...

Magnit, FMCG Firms Collaborate On Healthier Future Initiative

Russian retailer Magnit is collaborating with eight international FMCG producers to launch the ‘United for a Healthier Future’ Initiative....

Magnit Reports Revenue Growth Of 13.5% In FY 2020

Russian retailer Magnit has reported 13.5% year-on-year growth in revenue to RUB 1,553.8 billion (€17.8 billion) in its financial year ended 31 D...

'Profitable Growth', M&A Activity In Focus For Russia's Magnit, CEO Tells ESM

Russian retailer Magnit is seeking to drive profitable growth from its existing assets, while also engaging in M&A activity that is value accretive...

Russia's Magnit Targets Improved Profitability In 'Consumer-Centric' Strategy

Russian food retailer Magnit is focused on improving profitability between 2021 and 2025, driven by increased sales density and new technologies, the compa...

Magnit Opens Two Dark Stores As It Seeks To Boost Online Presence

Russian retailer Magnit has opened two pilot 'dark stores' in Moscow, as it seeks to bolster its online presence. The stores offer express delivery in o...