Magnit

Magnit and Wildberries launch express delivery partnership

Tuesday, July 27, 2021 - 2:30am

Krasnodar, Russia (July 26, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, has today announced the launch of its collaboration with Wildberries, the largest [1] online retailer in Russia.

Key Points: 
  • Krasnodar, Russia (July 26, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, has today announced the launch of its collaboration with Wildberries, the largest [1] online retailer in Russia.
  • The two companies have launched a pilot for express delivery of products from Magnit's convenience stores in Krasnodar.
  • The partnership enables Magnit to offer its assortment via the country's largest marketplace and gives Wildberries the opportunity to bring its express grocery delivery service to a new region.
  • In May 2021, Wildberries launched express delivery of perishable and frozen foods in Moscow, expanding the service to include ready-to-eat meals from the capital's restaurants in July.

Magnit completes acquisition of DIXY

Thursday, July 22, 2021 - 3:08pm

The parties have closed the transaction through Magnit's main operating subsidiary JSC "Tander" having acquired 100% of shares in DIXY Holding Limited (Cyprus).

Key Points: 
  • The parties have closed the transaction through Magnit's main operating subsidiary JSC "Tander" having acquired 100% of shares in DIXY Holding Limited (Cyprus).
  • The DIXY business is expected to remain a separate legal entity with the stores operating under the existing brands.
  • Depending on the quality of locations, the overlap with the existing Magnit stores, operational and financial performance, some adjustments to the Dixy and Megamart chains are possible at a later stage.
  • We are pleased to welcome a team of over 40,000 strong professionals at Dixy to the Magnit family.

Magnit makes top-3 in ESG ranking of non-financial public companies, becomes best among retailers

Wednesday, July 21, 2021 - 8:01am

MAGNIT PJSC (MGNT)

Magnit makes top-3 in ESG ranking of non-financial public companies, becomes best among retailers 21-Jul-2021 / 09:59 MSK

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • Magnit makes top-3 in ESG ranking of non-financial public companies, becomes best among retailers
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • MAGNIT MAKES TOP-3 IN ESG RANKING OF NON-FINANCIAL PUBLIC COMPANIES, BECOMES BEST AMONG RETAILERS
    Krasnodar, Russia (July 21, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, placed third in the ESG ranking of Russian non-financial public companies produced by the National Ratings Agency (NRA).
  • The results of the ranking survey were presented during the roundtable discussion titled "ESG Ranking of Russian Businesses.
  • Magnit, which received the best score among Russian retailers, was assigned to the Advanced Level group.

Magnit announces results of Board meeting

Monday, July 19, 2021 - 4:03pm

Krasnodar, Russia (July 19, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the results of the Board of Directors meeting held on July 18, 2021.

Key Points: 
  • Krasnodar, Russia (July 19, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the results of the Board of Directors meeting held on July 18, 2021.
  • The Company continues to strengthen its Management Board aiming at more efficient decision-making.
  • The Board has determined that the Management Board will consist of 13 members, effective July 22, 2021.
  • The following new members have been elected to the Management Board with effect from July 22, 2021:

Magnit announces approval by the Federal Antimonopoly Service of the DIXY business acquisition

Friday, July 16, 2021 - 1:51am

Krasnodar, Russia (July 15, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces it has received an approval from the Federal Antimonopoly Service ("FAS") in connection with the acquisition of 100% shares of the DIXY Holding Limited (Cyprus) by JSC "Tander", main operating vehicle of Magnit.

Key Points: 
  • Krasnodar, Russia (July 15, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces it has received an approval from the Federal Antimonopoly Service ("FAS") in connection with the acquisition of 100% shares of the DIXY Holding Limited (Cyprus) by JSC "Tander", main operating vehicle of Magnit.
  • According to the agreement Magnit acquires a holding entity for a group of companies that operate convenience stores under the DIXY brand and superstores under the Megamart brand in three federal districts.
  • As part of the transaction Magnit will also acquire distribution centers and a truck fleet.
  • No further approvals after today's clearance by Federal Antimonopoly Service are required.

Magnit announces organisational changes to accelerate e-commerce development and digital transformation

Friday, July 16, 2021 - 1:51am

Krasnodar, Russia (July 15, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces changes to the Company's organisational structure in order to accelerate Magnit's digital transformation and focus on growing e-commerce sales.

Key Points: 
  • Krasnodar, Russia (July 15, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces changes to the Company's organisational structure in order to accelerate Magnit's digital transformation and focus on growing e-commerce sales.
  • Andrey is responsible for Magnit's continued e-commerce development and will report directly to Jan Dunning, Magnit's President and CEO.
  • As a result of these organisational changes, the position of Executive Director and Deputy CEO, currently held by Florian Jansen, will be made redundant.
  • We continue to test various initiatives across both parts of the business in order to accelerate our progress moving forward.

Magnit announces appointment of e-commerce director

Tuesday, July 13, 2021 - 12:04pm

Krasnodar, Russia (July 13, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the appointment of Andrey Lukashevich to the position of E-Commerce Director.

Key Points: 
  • Krasnodar, Russia (July 13, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the appointment of Andrey Lukashevich to the position of E-Commerce Director.
  • In 2017, he was included in the ranking "Young Media Managers of Russia Rating" in the "Web Service CEO" category.
  • "Magnit has the necessary potential and resources to become the leader in many e-commerce segments.
  • Magnit is currently developing several online delivery projects, both in-house and with partners.

Magnit starts rolling out queue video analytics

Monday, July 12, 2021 - 10:00am

Krasnodar, Russia (July 12, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, has started rolling out video analytics for store queue management.

Key Points: 
  • Krasnodar, Russia (July 12, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, has started rolling out video analytics for store queue management.
  • Magnit installs video analytics equipment in the checkout area, including both regular sales counters with cashiers and self-checkout terminals.
  • The queue video analytics system is planned to be installed in Magnit Family supermarkets and Magnit Extra superstores in Moscow, Krasnodar, Astrakhan, Volgograd, Bryansk, Izhevsk, Kazan, Rostov-on-Don, Perm, Samara, Surgut, Ufa, and other cities.
  • Queue video analytics will also become an important tool for improvement of store staff performance and service levels.

MAGNIT PJSC: Magnit announces the results of the Board meeting, including the Decision to call the EGM and the EGM Record Date

Friday, July 9, 2021 - 12:01pm

MAGNIT PJSC: Magnit announces the results of the Board meeting, including the Decision to call the EGM and the EGM Record Date

Key Points: 
  • MAGNIT PJSC: Magnit announces the results of the Board meeting, including the Decision to call the EGM and the EGM Record Date
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • Magnit announces the results of the Board meeting, including the Decision to call the EGM and the EGM Record Date
    Krasnodar, Russia (09 July, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the resolutions of the Board of Directors taken at the meeting held on July 7th, 2021.
  • The Agenda includes items on early termination of powers of PJSC "Magnit" Board of Directors and on election of new members.
  • Deadline for submitting the shareholders' proposals to nominate candidates for election to the Board of Directors of PJSC "Magnit": August 9, 2021.

MAGNIT PJSC: Magnit's discounters show 30% LFL sales uplift

Wednesday, July 7, 2021 - 3:08pm

Krasnodar, Russia (July 07, 2021): Discounters operated by Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, showed a 30% uplift in like-for-like sales versus convenience stores that previously occupied the premises.

Key Points: 
  • Krasnodar, Russia (July 07, 2021): Discounters operated by Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, showed a 30% uplift in like-for-like sales versus convenience stores that previously occupied the premises.
  • This was announced by Ruslan Ismailov, Magnit's Deputy CEO and Director of Retail Chain Management, during the Company's investor call.
  • The increased sales performance is largely due to the uptick in traffic.
  • Today, Magnit has 76 My Price discounters.