It overtook its rival X5 Group as Russia's largest retailer in terms of sales in April 2013, although it is still under-represented in Moscow.

[6] Since November 2021 Marathon Group owned by Alexander Vinokurov has become the largest shareholder[7] The founder of Magnit retail chain, Sergey Galitsky, established JSC Tander in 1995.

[9] In 2010, Deloitte – a multinational consulting services provider – included Magnit in its list of the world’s top 250 retailers.

The same year, operations started at its button mushroom production facility, the largest of its kind in Russia.

The same year, Magnit joined the ranks of the world’s largest public companies in Forbes’ Global 2000, becoming the only Russian retailer on the list.

[19] On 29 February 2019, Magnit retail chain announced that it would update its brand identity in accordance with the new cross-format concept.

[23] In July, the FAS approved the deal, but put forward restrictions: the merger of networks is possible only in those municipalities where the share of «Magnit» doesn’t exceed 25%.

[24] In October 2021, “Magnit” opened in Krasnodar the first pharmacy darkstore with expanded range of products in order to supply an online demand in about 30 drugstores.

Customers can also book their purchases in Moscow, Saint-Petersburg, Karelia as well as in Leningrad, Murmansk, Novgorod, Pskov and Tver Oblast regions.

[26][7] In June 2023, Magnit offered foreign investors to buy back their shares, which they can no longer trade, at a 50% discount.

The government approved the tender, investors will be able to withdraw the money received from Russia in dollars, euros or yuan.

[28] In January 2024, the Federal Antimonopoly Service of Russia approved the purchase by Magnit of 33% of the largest retail chain Samberi in the Far East (the name is formed by merging words in the expression “take it yourself”) with a five-year option for the remaining share.

[35] As from 26 June 2019, Jan Dunning serves as Magnit’s CEO (succeeding Olga Naumova,[36] who left the company in the second quarter of 2019).

[40] The park would cover over 236 hectares and have more than 20 tenants, with the amount of investment planned until the end of 2020 totaling at over 40 billion rubles.