Customers | |
| |

History

1994 — 1998

Sergey Galitskiy founds Tander, a wholesale distributor of cosmetics and household cleaning products; The wholesale business expands rapidly and becomes one of the Top 10 Russian distributors of cosmetics, household cleaning products and perfumery goods; The Company enters the food retail market as a Cash&Carry operator.

1998 — 2001

The “Magnit” brand appears (an acronym of the phrase "Магазин Низких Тарифов“ — “Magazin Nizkikh Tarifov”, a low-tariff store), and the chain starts developing under the new brand; The Company sets up its motor transport enterprise — Selta; The first private label range is launched; Magnit switches to the discounter model; The first 160 stores are opened, allowing Magnit to become one of the largest Russian retailers in terms of the size of store chain.

2002 — 2005

The first distribution center is opened in Kropotkin city, Krasnodar region; All stores are revamped as convenience stores, which still remains the key format for Magnit today; The store chain grows rapidly, with 1.5 thousand stores by the end of 2005; Magnit dissolves its business in wholesale of cosmetics and household cleaning products and fully focuses on its retail operations;

2006 — 2009

The Company completes the initial public offering (IPO) on the London Stock Exchange; New formats — the Supermarket and Hypermarket — are launched; Magnit is awarded the status of the fastest-growing company in the world by Deloitte; The Company completes secondary public offerings (SPO) on the London Stock Exchange, spending the raised funds to develop its store network; Magnit is the first retailer to switch to direct import for the most in-demand products.

2010 — 2012

The Company opens its first drogerie store — Magnit Cosmetic; The Company launches Zelenaya Liniya Greenhouse Complex in Krasnodar region to produce its own vegetables and greens; Magnit becomes the largest private employer in Russia, retaining that status to this day; A new format — Magnit Family — is established.

2013 — 2015

Magnit is the largest retail company in terms of the number of stores, selling space, performance, and sales volume; Magnit’s capitalization on the Moscow Stock Exchange exceeds RUB 1 tn; Magnit Cosmetic becomes the largest drogerie chain in Russia; Magnit stores start accepting bank cards; first self-service checkouts appear; The number of Magnit stores exceeds 10,000; The Company starts building its own industrial park — Industrial Park Krasnodar.

2016 — 2018

New formats — Magnit Pharmacy and Magnit Cash&Carry — are launched; The first distribution center beyond the Polar Circle opens in Murmansk, the 37th facility for the Company; Magnit launches its own champignon mushroom growing facility in Krasnodar region; VTB Group purchases 29.1% of Magnit’s shares, Sergey Galitsky resigns; The development strategy until 2023 is presented; The first resident of the Industrial Park Krasnodar — Kubansky Kombinat Khleboproduktov — starts operations; Magnit Cosmetic becomes Russia’s largest retailer in cosmetics and perfumery goods.

2019

Jan Dunning is appointed the President and CEO of the Company; The new cross-format brand for all Magnit stores is presented; The 20,000th Magnit Convenience store and the 5,000th Magnit Cosmetic store are opened; The second resident of the Industrial Park Krasnodar — Konditer Kubani — is launched; New formats — the superstore and Magnit City — are piloted; Magnit launches its multi-format loyalty program; Magnit partners with the Russian Football Union and Russia National Football Team; Launch of a new logistics strategy—the “Freshness Chain.

2020

Completion of the loyalty program roll-out in all regions covered by the Company; Partnership with P&G to create the largest network of reverse vending machines in Russia; Launch of the #MagnitCare social program and provision of over 350 thousand food packages; Appointment of Florian Jansen as Magnit’s Executive Director and acceleration of large-scale digital transformation; Adoption of the Sustainability Strategy up to 2025; Launch of the MGNTech corporate accelerator to search for innovations; Opening of the first My Price discounters; Development of e-com and e-pharma: launch of six online delivery projects using both in-house capabilities and partners; Opening of a new distribution center in Novosibirsk and a restored one in Voronezh; Accession to the UN Global Compact; Opening of a metropolitan Magnit Convenience store; Start of the ERP transformation program implementation stage; Opening of the first thematic superstores; Launch of the Green Office program; Opening of the first stores in the Republic of Ingushetia; Launch of Magnit Pay; Implementation of a unified forecasting and replenishment system based on a platform by Relex Solutions.