KRASNODAR, RUSSIA: Magnit PJSC, one of Russia’s leading retailers, has launched the Credit Broker online service that allows any user of the chain’s mobile app to apply for a credit card and receive a quick response from partner banks connected to the service. The Credit Broker is available to all Magnit mobile app users. To…
KRASNODAR: Magnit PJSC has entered into an agreement with Mercury Retail Group Limited to acquire 100% shares of DIXY Holding Limited. Deal price is based on the current enterprise value of Rub 92.4 billion and is subject to certain adjustments depending, among other things, on the net debt and net working capital changes calculated as…
KRASNODAR: Magnit PJSC opened ten My Price discounters in March. As a result, their total number increased to 33 stores as of the beginning of April, a news release said. In early March, the Company opened discounters in Omsk and Yaroslavskaya village (Krasnodar Region). Eight more stores were opened in the last two weeks of…
KRASNODAR: Magnit PJSC, one of Russia’s leading retailers, began testing e-commerce services in the second half of 2020, with the most recent pilots launched in early December. During the first three months, the pilots’ growth dynamics exceeded original expectations and showcased the high potential of this market. Despite being a new entrant in the segment,…
LONDON: Magnit PJSC has launched its own online ordering and delivery service to ship products from stores. The service is available in the new Magnit Dostavka (Delivery – Ed.) application, which will become a platform for developing the Сompany’s e-commerce projects. At the first stage, the service is available to residents of Moscow. Over 5000…