Magnit PAO

Public Joint Stock Company Magnit, along with its associated entities, is primarily involved in the retail and distribution of consumer products, operating under brand names such as Magnit, DIXY, and Megamart. Its extensive retail presence encompasses various formats, including convenience stores, supermarkets, cosmetic outlets, drogerie stores, and pharmacies. Beyond its core retail operations, the company also engages in activities such as software development, food wholesaling and retailing, import services, property rental, and information technology. As of March 31, 2022, the company oversaw 45 distribution centers and a vast network of 26,605 stores, reaching 3,946 cities and towns across 7 federal regions of Russia. Established in 1994, its corporate headquarters are located in Krasnodar, Russia.