KRASNODAR, RUSSIA: Magnit one of Russia’s leading retailers, delivered 105 thousand online orders to its customers in one day in the lead-up to the New Year. The record-high number of online orders for the company’s own delivery and partner services was set on December 30, 2021. The average “pre-New Year” ticket (December 17 to 31,…
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VTB Group to sell its entire stake in Magnit
MOSCOW: VTB Group announced intention to sell approximately 17.28% of ordinary shares of PJSC Magnit. Up to 5.15% will be offered through an accelerated bookbuilding process. It is expected that the remaining 12.13% of the company’s shares will be sold to Marathon Group at a price determined in the offering. VTB Group has agreed to…
Magnit starts making ready-to-eat products for convenience stores
KRASNODAR, RUSSIA: Magnit PJSC, one of Russia’s leading retailers, started making ready-to-eat products for its convenience stores in Magnit Family supermarkets. The pilot project was launched in Krasnodar and Murmansk, where customers can already buy a wide range of ready-to-eat meals. The production utilizes existing capacities of Magnit Family supermarkets; the Company only added special…
Magnit accelerates e-commerce development and digital transformation
KRASNODAR, RUSSIA: Magnit PJSC, one of Russia’s leading retailers, announces changes to the Company’s organisational structure in order to accelerate Magnit’s digital transformation and focus on growing e-commerce sales. As part of the reorganisation, a new business unit has been established to oversee the development of Magnit’s e-commerce sales channels and to continue to enhance…
Magnit launches own delivery from its hypermarkets
KRASNODAR: Magnit PJSC, one of Russia’s leading retailers, launches its own delivery service from hypermarkets. The Company is expanding the pilot of its own delivery service, adding new locations and store formats. The service can now deliver products from hypermarkets in Krasnodar. Orders are delivered within three hours; customers can also reserve a later delivery…
Magnit will acquire the leasehold rights for Evroros stores in Murmansk
KRASNODAR: Magnit PJSC, one of Russia’s leading retailers, announced that it has reached an agreement to acquire long-term leasehold rights for the 89 stores currently operating under Evroros, Yablochko, and Tvoy brands in Murmansk and Murmansk region. Fifty-five stores are located in Murmansk, with the remaining ones spread across 11 cities of Murmansk region, including…