Magnit is one of the largest retail chains in Russia, primarily known for its grocery stores. Founded in 1994, it has grown rapidly and now operates thousands of supermarkets and convenience stores across the country. The company focuses on providing a wide range of products, including food, household items, and personal care products, often at competitive prices. In addition to its retail operations, Magnit has developed its own private label brands, which offer customers more affordable options. The company is also involved in logistics and supply chain management, ensuring efficient distribution of goods to its stores.