Tag "Magnit"

Russia’s Magnit To Buy Back Around 21.5% Of Shares From Western Investors

Russia’s Magnit To Buy Back Around 21.5% Of Shares From Western Investors
Date: 2023-07-28 09:49:29

Russian retailer Magnit said it plans to buy back approximately 21.5% of its shares, finalising the results of a tender offer that could enable some Western investors to sell off...

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Russia’s Magnit Races To Open Discount Stores As Living Standards Slump

Russia’s Magnit Races To Open Discount Stores As Living Standards Slump
Date: 2022-12-15 09:13:33

Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers across the country turn to cut-price options amid a recession that is further...

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Russia’s Magnit reaches milestone in online orders

Russia’s Magnit reaches milestone in online orders
Date: 2021-11-08 16:22:29

Russian retailer Magnit has hit a milestone of 50,000 online orders a day, as it continues to expand its e-commerce services. The retailer has strengthened its online capabilities in recent...

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Magnit to Open 2000 New Stores

Magnit to Open 2000 New Stores
Date: 2021-02-08 08:10:02

Magnit, the number two in Russian grocery retail, plans to open 2,000 new stores this year. In 2020 the company opened 839 objects, but not under the leading convenience store...

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X5 vs. Magnit: 1:0

X5 vs. Magnit: 1:0
Date: 2019-08-20 20:29:10

Russian fruit and vegetable retailer Magnit keeps losing ground against rival company X5 Retail Group. The price of the company’s shares has reached an all-time low and CEO Olga Naumova...

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