Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of consumer goods under the Magnit and DIXY names. It operates retail business through convenience stores, cosmetic stores, supermarkets, drogerie stores, pharmacies, marketplaces, and others. The company also engages in software product development, marketing, food and non-feed retail and wholesale, IT, vegetable cultivation, warehousing and storage, and retail trade through the internet. Public Joint Stock Company Magnit was founded in 1994 and is headquartered in Krasnodar, Russia.