Magnit PJSC - Company Profile
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Magnit PJSC (Magnit) operates convenience stores and hypermarkets in Russia. Revenue growth, store and distribution network, and market position are the company’s major strengths, whereas dependence on Russia remains a cause for concern. Food and grocery retail market in Europe, online retail market in Russia, and expansion of MCosmetic drogerie chain are likely to offer growth opportunities to the company. However, intense competition, and foreign exchange risks could affect its business operations.
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