Magnit

Magnit is one of Russia's largest retail chains, specializing in grocery and household goods. Founded in 1994 by Sergey Galitsky, the company operates thousands of stores across Russia, including convenience stores, hypermarkets, and pharmacies. Magnit generates revenue primarily through the sale of food products, personal care items, and pharmaceuticals. Key historical milestones include its IPO in 2006 and significant expansion through acquisitions and organic growth. The company is known for its extensive supply chain and logistics network, which supports its vast retail operations.

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