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Business model

We put absolute focus on the customer as the cornerstone of our operations while capitalizing on our inherent strengths (in particular very wide geographical coverage and supply chain capabilities) and progressing with new development areas.

While 2018 strategy aimed at implementing a decentralised multi-format operating model, the focal point has evolved where we now make a particular focus on developing the format expertise enabling to implement format-specific CVP under a single family brand. Magnit still aims adhering to a decentralized approach where needed and dictated by business reasons while keeping the optimal balance with the centralized approach.

In conducting our operations, we consider the needs of the communities in which we work and the different groups of stakeholders effected by our decisions. We are proud of the charitable activities we sponsor within those communities and our support of the important causes such as environmental protection.