Magnit

Russian Retailer Magnit Makes $1.8bn Rival Bid For Lenta

Russian grocery chain Magnit has made a $1.78 billion(€1.6 billion) bid approach to smaller competitor Lenta, topping a rival offer from Russian steel...

Russia's Magnit Sees Revenue Up 8.2%, Driven By Expansion

Russian retailer Magnit has posted a 8.2% increase in revenue to RUB 1,237 billion (€16.7 billion) in full-year 2018, with the operator increasing its...

Like-For-Like Sales Up At Russia's Magnit For First Time In Two Years

Russia's Magnit has seen a turnaround in its like-for-like sales performance, posting a 0.6% increase in comparable sales in the fourth quarter of its fina...

Russia's Magnit Posts Like-For-Like Sales Decline In Third Quarter

Russian retail giant Magnit has posted a like-for-like sales decline of 2.0% in the third quarter of its financial year, which is an improvement on the 5.2...

Russian Retailer Magnit To Shun 'Big-Box' Stores

Russia's second-biggest food retailer Magnit said on Wednesday it would not open any more hypermarkets and would focus on smaller stores to capitalise on c...

Russia's Magnit Sees Like-For-Like Sales Down 5.2% In Second Quarter

Russia's Magnit retail chain posted a like-for-like sales decline across all its divisions, bar its drugstore operation, in the second quarter of its finan...

Russia's Magnit Sees Net Income Decline 14.3% To RUB 18bn In H1

Russian retailer Magnit has posted a decline in net income for H1 2018 to RUB 18 billion, a drop of 14.3% year on year. Gross profit also saw a year-on-...

Russia's Magnit In Talks To Buy Pharma Distributor From Shareholder

Russia's second-biggest food retailer Magnit has commenced talks with its new shareholder Marathon Group over the acquisition of pharmaceutical distributor...