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Area News
Russia's VTB sells part of stake in retail chain Magnit
VTB said its stake in Magnit had decreased to 17.28 percent, adding that it still considered its investment in Magnit in February as a long-term move.
2018 - Media Team Retailp.com
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Latest News
Posts tagged Magnit
Area News
Magnit to shun 'big-box' stores
Russia's second-biggest food retailer Magnit said on Wednesday it would not open any more hypermarkets and would focus on smaller stores to capitalise on customers' growing preference for neighbourhood shops.
2018 - Media Team Retailp.com
Area News
CEE to power Europe's grocery market
IGD forecasts that Central and Eastern Europe will drive the continent's future grocery growth, rather than Western Europe
2017 - Media Team Retailp.com
Area News
Magnit continues its expansion in Russia
Russian retailer Magnit has recorded a sales increase of 8.08% to RUB288.56 billion in its unaudited results for the first quarter of 2018, although like-for-like numbers show declines.
2018 - Media Team Retailp.com
Area News
Magnit opens two new stores as it seeks to boost online presence
Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, has opened two pilot warehouse stores in Moscow that only serve online orders - dark stores.
2021 - Media Team Retailp.com
Area News
Magnit obtains leasehold rights for 56 Edelweiss outlets
Russian retailer Magnit has announced it has reached agreement for the long-term leasehold rights for 56 stores currently operating under the Edelweiss brand in Kazan.
2021 - Media Team Retailp.com
Area News
Russia's Magnit reins in expansion after profit slides
Russia's second biggest food retailer Magnit plans to open fewer stores this year and cut back on spending in a bid to improve efficiency after its net income more than halved in the fourth quarter.
2020 - Media Team Retailp.com
Area News
VTB Bank fully divests from Magnit
Russian lender VTB sold a 4.9% stake in food retailer Magnit via an accelerated bookbuilding (ABB) process at RUB5,700 (€68.61) per share, the bank said, as it fully divests its 17.28% stake in the company.
2021 - Media Team Retailp.com
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