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

Russia's Magnit Reports Like-For-Like Sales Growth Of 5.5% In FY 2023

Russian retailer Magnit has reported like-for-like (LFL) sales growth of 5.5% in its full financial year 2023.

Russia's Magnit Completes $736m Buyback From Foreign Shareholders

Russian retailer Magnit has purchased an additional block of shares from foreign shareholders, completing a buyback worth around $736 million.

Russian Retailer Magnit To Buy Back 7.8% Of Shares In Additional Tender

Russian retailer Magnit said that foreign shareholders had tendered shares representing about 7.8% of the company in an additional, discounted buyback offe...

Russian Retailer Lenta Buys Monetka Chain In Cash And Debt Takeover

Russian supermarket chain Lenta said its has acquired the Monetka chain of 2,120 convenience stores for an undisclosed sum in a deal financed by cash and d...

Russia's Magnit Launches Extra Buyback Offer After Strong Foreign Demand

Magnit announced an additional offer to buy back blocked shares, giving more Western investors an opportunity to withdraw funds from Russia after attr...

Russia's Magnit Fully Completes $507m Buyback Of Blocked Shares

Russian retailer Magnit said it had fully completed a deal to buy back blocked shares from Western investors at a 50% discount by purchasing shares held th...

Russia's Magnit Finalises Buyback Of Blocked Shares From Western Investors

Russian retailer Magnit said it had completed a deal to buy back blocked shares from Western investors, the first deal of its kind since Russia invaded Ukr...

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

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 Wester...