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

Russia's Magnit Completes Acquisition Of Dixy Group

Russian retailer Magnit has completed the acquisition of the Dixy Group, which encompasses 2,477 stores across Russia, for RUB 87.6 billion (€1.01 bil...

Magnit Enters Dagestan With Two New Stores

Russian retailer Magnit has opened its first two stores in the republic of Dagestan. The new openings include a convenience store and a cosmetics stor...

Magnit To Buy Fewer Dixy Stores To Comply With Competition Law

Retailer Magnit's purchase of rival Dixy was approved by Russia's competition regulator on Thursday with the provision that 142 convenience stores be left...

Russia's Magnit Sees 30% Uplift In Sales From Discount Arm

Magnit has said that sales in its 'My Price' discounter portfolio have shown a 30% like-for-like sales uplift, with the Russian retailer planning to increa...

Russia's X5 Looking At Regional M&A Opportunities, Says CEO: Reports

Russia's X5 Retail Group is considering merger and acquisition options in Siberia and the Altai region, but has no plans for major deals at present, the TA...

Magnit Still Has Some Room For Acquisitions: CEO

Magnit, one of Russia's top retailers, still has some room to make acquisitions, albeit probably smaller ones, following its purchase of rival Dixy, Magnit...

Magnit Opens Two More 'Dark Stores' In Moscow

Russian retailer Magnit has announced the opening of two further 'dark stores' in Moscow, to assist with the processing of online orders. The stores are...

More Consolidation Likely In Russian Market, Says Lenta CFO

Further consolidation is likely in the Russian grocery industry in the coming years, particularly as larger retailers expand their geographical footprint,...