Magnit: latest retail news, insights and analysis | ESM Magazine

Russia's Magnit Launches Retraining Programmes For Unemployed Workers, Refugees

Russian retailer Magnit has announced the launch of a number of retraining programmes for those that have recently lost their jobs – such as tho...

Epic Partners Suspends Collaboration With Magnit

European retail alliance Epic Partners has decided not to conduct joint negotiations on behalf of Russian retailer Magnit in response to Moscow's invasion...

Russian Retailers Limit Margins On 'Socially-Important Products'

Leading Russian retailers including Magnit, O’Key and Auchan have said that they are voluntarily limiting margins on 'socially-important' products, s...

Magnit May Raise Dividends, Hints At M&A Opportunities: CEO

Russian retailer Magnit may be able to return more money to shareholders through dividends even as it keeps the door open to acquisitions, CEO Jan Dunning...

Sustainability 2022 – Anna Meleshina, Corporate Relations and Sustainability Director, Magnit

In the most recent edition of ESM, as part of our Sustainability 2022 feature, we spoke to a number of top executives working across the global retail and...

Magnit Continues Expansion With Radezh Takeover In Volgograd

Magnit has upgraded its store opening guidance for 2021 following the announcement that it has reached agreement to take-over the long-term leasehold right...

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 bra...

Russia's 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 ($78.28) per share, fully divesting...