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Forbes: Magnit - the Most Innovative
August 24, 2015 17:20


The largest Russian “Magnit” retailer has won the 23rd place in the list of the 100 most innovative companies in the world according to the Forbes magazine. This was reported on the website of the edition.

“Magnit” has become the only Russian representative in the ranking of the magazine. The Russian retailer has been able to surpass such large companies as Visa, MasterCard, Starbucks, Coca-Cola and H & M, according to the edition.

The first place of the list belongs to the American car company Tesla Motors. “Magnit” is the largest Russian grocery retailer uniting 9.9 thousand stores in two thousand cities of Russia. The total number of stores of the chain has reached 9933 in the first quarter of 2015 (8479 “convenience stores”, 193 hypermarkets, 98 “Family Magnit” stores and 1163 beauty stores).

The largest shareholder of the “Magnit” retail chain is Sergei Galitsky owning about 40 percent of shares. About 54 percent of the shares are in circulation. The net profit of the company according to IFRS increased by 33.9 percent - up to 47.686 billion roubles in 2014.


Author: Anna Dorozhkina

Tags: Magnit     

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