Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of food and consumer goods under the Magnit name. It operates retail business through convenience stores, cosmetic stores, supermarkets, drogerie stores, pharmacies, and others. The company operates 38 distribution centers and 21,564 stores, including 14,911 convenience, 470 supermarkets, and 6,183 drogerie stores in 3,752 cities and towns throughout 7 federal regions of the Russian Federation. It also trades in medicines and medical products; produces medical devices; and engages in the software product development, IT operation, import, rent, and other activities. The company was founded in 1994 and is headquartered in Krasnodar, Russia.