Magnit

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RUSSIA: X5 granted RUB7bn credit line

14 Nov 2008

Russia’s largest retailer X5 Retail has been granted a RUB7bn (US$256m) credit line by state lender VTB Group, the company confirmed today (14 November).

Top stories on just-food this week

31 Oct 2008

The third quarter has brought with it a raft of results stories and so just-food has brought to you a selection of those in its top ten for the week.

RUSSIA: Magnit secures first state ‘support’ loan

29 Oct 2008

Russian grocer Magnit Group has secured a RUB300m (US$11m) loan from state bank VTB as part of a government-backed programme to support the country's retailers.

RUSSIA: Magnit profit almost doubles

29 Oct 2008

Russian retailer Magnit nearly doubled its net income for the first nine months of 2008, the company has reported.

RUSSIA: Magnit sees nine-month sales jump

7 Oct 2008

Russian retailer Magnit said today (7 October) that its like-for-like sales during the first nine months of the year jumped by almost 28% in dollar terms.

Retailers set to prosper as Russian packaged food market grows

11 Sep 2008

The news that Carrefour may soon be joining the growing ranks of international retailers in Russia will have come as little surprise to observers of a rapidly-developing retail market. According to a just-food report, packaged food growth in Russia has outstripped that in any of the other BRICM markets over the past five years, while the food retailing landscape continues along a path of dramatic transformation. Ben Cooper reports.

Russian question focusing minds of retail giants

16 Apr 2008

Wal-Mart's move this week to appoint a top Rewe executive to study how to break into Russia has again raised the question of when the US giant - as well as Carrefour and Tesco - will enter the fast-growing market. Dean Best reports.

UK: Tesco coy over Russian rumours

28 Mar 2008

Tesco has refused to be drawn on reports it is mulling expansion into Russia.

RUSSIA: Magnit prepares London share listing

26 Mar 2008

Magnit, the Russian grocer, is looking to list on the London Stock Exchange to raise money for expansion in its home market.

RUSSIA: Magnit sales boost in Q3

15 Oct 2007

Magnit has reported a rise in nine-month net revenue of close to 50% on the back of good sales and new stores.

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