Dixy

Magnit tallies up New Year sales

Retrieved on: 
Thursday, January 13, 2022

Krasnodar, Russia (January 13, 2022): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of the leading Russian retailers, has summarized its sales [1] for the period preceding the New Year.

Key Points: 
  • Krasnodar, Russia (January 13, 2022): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of the leading Russian retailers, has summarized its sales [1] for the period preceding the New Year.
  • In total, during the last two weeks of 2021, customers made over 213 million purchases in Magnit.
  • The average "New Year" ticket in Magnit during the reporting period amounted to 513.1 rubles, which is 9.5% higher versus the previous year.
  • Sales of ready-to-eat products in the Company's big boxes increased by 13%; overall, Magnit sold 690 tonnes of salads, 235 tonnes of grilled products, as well as other dishes.

Magnit completes acquisition of DIXY

Retrieved on: 
Thursday, July 22, 2021

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

Retrieved on: 
Friday, July 16, 2021

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.