Russian space budget may grow this yearScience & Space May 26, 20:48
Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
WADA: Legendary Isinbayeva suits role of ambassador for clean sports in RussiaSport May 26, 19:33
Russia working on advanced air defense systemMilitary & Defense May 26, 19:17
WADA receives Russia’s new national anti-doping planSport May 26, 19:14
Moldova’s ruling pro-European coalition breaks upWorld May 26, 19:12
NEW YORK, August 19. /TASS/. The largest Russian food retailer Magnit joined ranks of Forbes World’s Most Innovative Companies rating. Magnit was ranked 23rd in the rating released on Wednesday in the online version of Forbes.
According to Forbes, the Russian company outranked such global giants as Visa, MasterCard, Starbucks and Coca-Cola. US Tesla Motors took the lead in the rating.
Krasnodar-headquartered Magnit is the largest food retailer in Russia in terms of revenues and the number of stores. Company’s revenues rose 30% year-on-year to 453.7 bln rubles ($6.8 bln) in the first half of 2015.
The retailer was managing over 8,000 stores as of the end of June 2015, including 7,103 convenience stores, 168 hypermarkets, 49 Magnit Family stores and 682 cosmetic stores.