Magnit

Magnit is a Russian multinational retail chain headquartered in Krasnodar, specializing in grocery, pharmacy, convenience, and hypermarket formats. As one of the largest retailers in Russia and Eastern Europe, Magnit operates more than 25,000 stores and distribution centers, managing a complex supply chain and advanced logistics network. The company emphasizes regulatory compliance with Russian consumer, safety, and anti-monopoly laws and leverages proprietary purchasing, category management, and digital platforms for operations. Magnit partners with thousands of domestic and international suppliers, implements anti-bribery, traceability, and third-party risk protocols, and reported revenues of over $27 billion in 2024.​