Magnit retailer will suspend Magnit Pay payment cards starting March 27. The payment service was launched jointly with VTB in December 2020 as part of an application based on Magnit's loyalty program. Magnit Pay card could be used to pay for purchases in the Magnit chain, as well as in other stores. The company did not explain the reasons for discontinuing t...

Retailer Magnit plans to launch a center for growing green crops. New enterprise Greens of the South will grow 10 types of greens, both familiar to consumers and more rare on the tables of Russians: parsley, dill, green onions, sorrel, spinach, basil, mint, rosemary, arugula and thyme. Area under green crops will be 12 hectares, the planned production volume...

Retailer Magnit agreed with Tatspirtprom to distribute the chain's exclusive Sombrero tequila brand in other channels. Magnit imports this tequila from Mexico itself only for its stores so far. This summer Tatspirtprom shall begin supplying Sombrero to the HoReCa segment, non-network retail and part of the regional chains. This should increase brand recognit...

Magnit retailer this year will open several dozen new MCosmetic stores in Uzbekistan. Last fall, ten MCosmetic stores operated in Uzbekistan. In November, the company reported plans to open at least four more outlets by the end of 2022.