JSC "Magnit" is a Russian grocery retailer. The largest Russian network retailer by the end of 2016 and the second largest by the results of 2017 (in terms of turnover lost to X5 Retail Group). The network was founded in 1994 by businessman Sergey Galitsky. The head office of the company is located in Krasnodar. Shareholders (2016): Sergei Galitsky (42.1%, including 37.58% directly and 4.52% through Lavreno Ltd.), Vladimir Gordeychuk (2.78%), free float 54.58% . In November 2017, the main owner of Magnit, Sergei Galitsky, sold a 7.5% stake in the company for 43.91 billion rubles. In February 2018, Sergei Galitsky sold a 29.1% stake in VTB for 138 billion rubles, retaining only 3% of the shares. In May 2018, VTB reduced its stake to 17.28% of the shares, selling 11.82% of the shares to the owner of the Marathon Group, Alexander Vinokurov.

As of December 31, 2016, the network of the company included 14,059 outlets, including: 10,521 in the "store by the house" format, 237 hypermarkets, 194 "Magnit Family" stores and 3,107 - "Magnet Cosmetic". The total number of stores on the network as of December 31, 2017 was 16,350 (12,125 "store by the house", 243 hypermarkets, 208 stores "Magnit Family" and 3,774 grocery stores "Magnet Cosmetic"). The proceeds of "Magnet" in 2016 amounted to 1.07 trillion rubles, net profit - 54.4 billion rubles. The company's revenue in 2017 amounted to 1.143 trillion rubles, net profit - 35.4 billion rubles. The company employs 275,000 employees (2017). Official site.