Sergey Galitsky is the founder of the Magnit hypermarket chain, a well-known Russian entrepreneur and businessman, billionaire, the head of FC Krasnodar. In the Forbes ranking "Cash Kings: Top 10 Billionaires with the Most Income", released on March 21, 2019, he took first place with income of $ 2.44 billion due to the sale of Magnit shares to VTB.
Childhood
Sergei Nikolaevich was born on August 14, 1967 in the village of Lazarevskoye in the city of Sochi into an Armenian family. Before marriage, he bore the surname Harutyunyan.
In childhood, he loved football and played quite a lot, but as a teenager he gave up this occupation, being carried away by chess.
Mind sports were given to the young man better, and after two years of training, Sergei was awarded the CMS category and the title of "champion of Sochi".
Education and military service
After school, in 1985, he joined the army. After completing the service, he entered the Kuban State University at the Faculty of Economics and National Economy Planning. In 1993 he completed his studies with a degree in finance and credit.
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Labor and business activities
As a sophomore student, the future billionaire got a job in one of the commercial banks in Krasnodar. Five years later, in 1994, he left it already in the position of deputy manager.
In the same year, together with partners, he founded the Transazia company, which was engaged in the distribution of cosmetics and perfumes Avon, Johnson & Johnson, Procter & Gamble. In 1995, the firm became the exclusive distributor of Procter & Gamble in the southern region of the country. Despite the success of Transazia, the businessman left this company to partners and created a new one - Tander.
In 1998, thanks to Sergei Nikolaevich, a Cash & Carry store appeared in Krasnodar. Two years later, he reformatted his stores into discounters and called them “Magnit Store Chain”.
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A year later, there were about 250 Magnets, and its retail network became the largest in Russia. After another five years of successful work, it bypassed the Pyaterochka network in terms of turnover, reaching an impressive mark of $ 1.6 billion. In April 2006, the businessman brought the company to a new level by placing shares on the RTS and MICEX stock exchanges. He retained 58% of the shares, his partner, Alexei Bogachev, retained 15%, another 8% belonged to the top managers of the company, and the remaining 19% of the shares were bought by various investors for a considerable $ 368 million.
In the same month, he took over as CEO of Magnit, and his firm, Thunder, began life as a management company. With the money raised from the placement on the stock exchange, the businessman continued to expand and develop the company, and by the beginning of 2007 there were 1900 Magnets in the country, and the first hypermarkets of the same name were also opened. As of March 1, 2016, the number of stores increased to 12,089, while the territory of presence includes 2,363 settlements of the Russian Federation.
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In addition, he had other projects, among them the largest outdoor advertising operator in Krasnodar - the Art Side agency, the popular entertainment complex Kvartal, a hotel, restaurants, food factories (including OOO TD-holding ). At the same time, according to Sergei himself, he did not particularly participate in managing them, it was something akin to a hobby.
In 2008, he founded the Krasnodar football club, which the entrepreneur headed as president.
In 2011, the club was included in the Premier League of Russian football clubs.
In May 2013, the businessman took over the sponsorship of the construction of one of the largest sports facilities in the Southern Federal District - the stadium for the Krasnodar football club with 36,000 seats. According to media reports, about $ 85 million was spent on the project.
Since June 25, 2015, he was an independent member of the Supervisory Board of VTB Bank, as well as a Senior Independent Director and a member of the HR and Remuneration Committee and the Strategy and Corporate Governance Committee.
On March 4, 2016, a successful businessman spoke at the Skolkovo business school as part of a series of regular meetings of the LNA audience with the most famous business people under the general name Speakers Night. The head of the largest retailer in Russia and one of the most profitable in the world - the Magnit store chain - told what it is like to own such a large-scale business, and told those present the difficulties of managing a chain of stores, the number of which is increasing every year and has already exceeded 12 thousand ...
On February 16, 2018 it became known that he signed an agreement on the sale of a 29.1% stake in the retailer Magnit to VTB Group for 138 billion rubles. The businessman left the post of the head of the company upon completion of the transaction, retaining 2.7% of the shares in Magnit.
He is currently in the restaurant business. In the spring of 2018, a public park built at his expense in Krasnodar fully started operating, and in the fall he opened the first restaurant, Cafe Krasnodar, in it. There are plans to open several more restaurants in his hometown, including a restaurant with Pan-Asian food.
Awards
On September 13, 2011, by the decree of the Governor of Krasnodar Territory, Sergei Nikolaevich was awarded the title "Hero of Labor of the Kuban".
In 2005, the entrepreneur for the first time was included in the list of the richest businessmen in the Russian version of Forbes magazine, being in 64th place: the businessman's fortune was estimated at $ 460 million. In 2006, he increased his fortune to $ 1.2 billion and took 38th place in the rating.
The peak of his fortune was in 2013: in the next Forbes rating, published in March 2014, the businessman became 13th with a fortune of $ 10.3 billion.A year later it decreased by 2 billion, in 2016 he was already 17th with a fortune of $ 5.7 billion.
In 2017, it climbed one line, increasing its fortune by $ 1,100 million, in 2018 it dropped to 28th place with a mark of $ 4 billion.
Family status
Is in an official marriage. With his wife - Victoria, the future billionaire met at the university. He studied to be a financier, Victoria - an accountant.
As some publications write, the future father-in-law of the entrepreneur did not want his daughter to change her last name after marriage. However, Sergei was not taken aback and he himself took the name of his wife.
In November 1995, the couple had a daughter, Polina.
Arutyunyan Sergei Nikolaevich (surname at birth) was born on August 14, 1967. Sergei is an Armenian by nationality, and grew up in a middle-class family.
As a child, he was very fond of football, played a lot, but at the age of fourteen, in his own words, he realized that it was "not really" his, and ended his "football career."
In the seventh-eighth grade, he became interested in playing chess, and for two years he studied them, becoming a candidate for master of sports and champion of Sochi.
In his student years he worked as a loader.
In his third year he wrote an analytical article for the specialized magazine "Finance and Credit". The calculations made by the student amazed the editor of the edition and not only. After the article was published, the head of a commercial bank found the student and invited him for an interview. Sergei was made such an offer, which he could not refuse - the post of deputy manager. From that moment on, Galitsky combined his studies and work at the bank.
So in 1989, he became a banker and rose to the position of deputy bank manager.
In 1993 he graduated from the Faculty of Economics and National Economy Planning of the Kuban State University.
After the wedding, Sergei took his wife's surname. The journalists wrote that the father-in-law insisted on this, saying that the daughter and grandchildren would not bear the Armenian surname.
1993: A loan for $ 30 thousand and foundation of a company for the wholesale of cosmetics and household chemicals
In 1994, he took out about $ 30 thousand on credit and, together with fellow students, founded the Transazia company (a wholesale supplier of household chemicals and cosmetics).
Soon the company became the exclusive distributor of Procter & Gamble in the Krasnodar Territory, but representatives of the world famous consumer goods manufacturer subsequently demanded that a separate company distribute its goods. In 1995, it was decided to split Transazia, and Galitsky took up the new Tander company. Banker Aleksey Bogachev also became its shareholder.
1998: Opening of the first self-service store
In 1998, he opened the first self-service store, the company began working in food retail. The retail space was gradually merged into the Magnit network.
In 2005, Magnit's turnover reached $ 1.6 billion. By this indicator, the company overtook one of its main competitors, the Pyaterochka chain.
2006: IPO of the Magnit network
In April 2006, he brought the company to an IPO, during which almost 19% of the shares were sold to investors for $ 368 million. The businessman's own share was 58%, and his partner Alexei Bogachev - 15%. Another 8% were transferred to a number of top managers. In the same year, Galitsky became the general director of the "Magnit" chain of stores, and "Tander" was retrained into a management company.
In 2007, the first Magnit hypermarkets appeared.
2008: Purchase of the football club Krasnodar
Since 2008 - the owner and president of the Krasnodar football club, which plays in the Russian Premier League. Galitsky created and financed the Krasnodar children's football school.
2009: Reduction of a share in Magnet to 39%
In 2008, Magnit began a secondary public offering (SPO). In the fall of 2009, the share of Galitsky himself fell to 39.6% (according to Vedomosti sources, this figure did not take into account depositary receipts (GDR) and shares that were in nominal holding in banks).
2010: Start of construction of the FC Krasnodar stadium
In 2010, he began construction of a stadium and training base for Krasnodar, the project estimate is $ 85 million.
2011
24th place in the Forbes rating with a fortune of $ 5.5 billion
It takes 24th place in the rating of the Russian-language version of Forbes "The Richest Businessmen of Russia - 2011". The fortune of Sergei Galitsky is estimated at $ 5.5 billion.
Decrease in the share in the Magnit network to 38%
In December 2011, the retailer announced that during the third secondary placement of Magnit shares on the stock exchange, Galitsky's share was again diluted and amounted to 38.66%. In his interview to the Vedomosti newspaper, however, Galitsky emphasized that it was he who remained the owner of Magnit.
As of March 10, 2012, the Magnit chain included 93 hypermarkets, 224 cosmetics stores and 5,029 convenience stores.
2013: Growth of a state to $ 13.8 billion
According to Bloomberg, the largest growth in the state at the end of 2013 was shown by the founder of OJSC “Magnit” Sergei Galitsky. He grew up $ 5.3 billion and now has assets of $ 13.8 billion.
2018: Sale of the Magnit network to VTB bank with preservation of 3%
In February 2018, it was announced that a 29.1% stake in the Magnit chain had been sold
General Director of CJSC "Tander".
Education
In 1993 he graduated from the Faculty of Economics and National Economy Planning of the Kuban State University.In 1993 he graduated from the Faculty of Economics and National Economy Planning of the Kuban State University with a degree in finance and credit.
Professional activity
From 1985 to 1987 he served in the army.In 1989 he worked in one of the commercial banks in Krasnodar.
In 1994, he completed his career as a banker as a deputy bank manager.
In 1994 - created with partners the distribution companies "Transazia", which were engaged in the distribution of cosmetics and perfumes Avon, Johnson & Johnson, Procter & Gamble.
In 1995 Transazia became the exclusive distributor of Procter & Gamble in the South region.
In 1995 he founded the Tander company.
In 1997, the "Tander" company began to sell products wholesale.
In 1998, he built the first distribution shop (now there are nine of them), and immediately after the crisis, he opened the first Magnit grocery store in Krasnodar.
In 2000, he completely switched to the difference and created the largest chain in Russia in terms of the number of stores.
In 1998 he opened a Cash & Carry store in Krasnodar.
In 2000, having changed the format of stores to discounters, he renamed the chain into “Chain of Magnit stores”.
In 2001, Magnit, with 250 stores, became the largest retail chain in Russia.
2006 - General Director of the "Magnit" chain
In 2006, he placed Magnit shares on the RTS and MICEX (investors paid USD 368 million for 19%).
In 2006, the company held an IPO and was valued at $ 1.9 billion.
In 2008, there are about 2 thousand stores and 11 hypermarkets.
Key interviews
31.10.2011 - to the RBK daily newspaper - Sergey Galitsky, general director of the Magnit chain:Strokes for the portrait
2010| Sergey Galitsky sharply criticized the Law "On the Basics of State Regulation and Development of Trade Activities in the Russian Federation", which came into force on February 1, 2010. In his opinion, Russian lawmakers and officials, including the First Deputy Prime Minister, with such a document gave an advantage to foreign companies and infringed on the interests of Russian trading firms. According to Galitsky, a foreign lobby is openly visible in the law - the owners of the French retail network Auchan, German - Metro and other foreign companies.(newsru.com from 4.02.2010, "Kommersant" from 19.03.2010 No. 47 (4347))
Additional Information
According to the Finance magazine, the personal fortune as of February 2010 is $ 2.65 billion."Biography"
Sergey Galitsky was born on August 14, 1967 in the village of Lazarevskoye, Krasnodar Territory. The real name is Harutyunyan. Galitsky said about his ethnic origin: “I am 75 percent ethnic Russian and 25 percent Armenian. Since I grew up in a Russian environment, unfortunately, I do not know the Armenian language, nevertheless, I am proud of my Armenian roots ”.
Education and service
In 1985-1987 he served in the army. In 1989, as a second year student, he began working in one of the commercial banks in Krasnodar. In 1993 he graduated from the Faculty of Economics and National Economy Planning of the Kuban State University with a degree in finance and credit.
"Themes"
"News"
Galitsky will remain in the bureau of the Russian Union of Industrialists and Entrepreneurs
The founder of "Magnit" Sergei Galitsky, who sold his stake in the company to VTB Bank, will remain in the bureau of the Russian Union of Industrialists and Entrepreneurs, which includes the country's largest entrepreneurs. He will still be able to participate in closed meetings with the president.
Galitsky said goodbye to the staff of "Magnit" with the words "no one died"
Sergey Galitsky on Friday said goodbye to the employees of the head office of Magnit in Krasnodar. He gave a speech to hundreds of people who gathered in front of the building.
Galitsky did not hold back his emotions when announcing the sale of "Magnet"
Sergei Galitsky, who has headed a retail chain for 25 years, tried to contain his emotions by announcing a deal with VTB, according to an RBC correspondent present at the forum in Sochi.
Galitsky sold to VTB 29% stake in Magnit
Sergei Galitsky, the founder of the Magnit store chain, sold a 29.1% stake in the company to VTB. “The impetus was that investors don't quite see the future as a founder,” he said.
Galitsky will leave the Russian Football Union after the sale of the stake in Magnit
The co-owner of the Magnit retail chain and the owner of the Krasnodar football club Sergei Galitsky intends to leave the Russian Football Union (RFU) after the sale of the retailer's shares. Galitsky said this on the sidelines of the forum in Sochi, RBC correspondent reports.
Sergei Galitsky lent Magnit 44 billion rubles
Sergey Galitsky: You can sit at home and spit seeds on the floor
The owner of Krasnodar, Sergei Galitsky, replied to football fans who were unhappy that tickets for the Europa League match against Schalke are several times more expensive from dealers than at the box office.
We built the stadium as soon as possible, the cheapest tickets for the European Cup cost only 200 rubles, and you are again unhappy, since you had to go to the ticket office for tickets, while the cost of a season ticket for the season together with European cups is 2,200 rubles, Galitsky wrote in Twitter. - If so, there will be no online sales until the end of the year, and you can safely sit at home watching TV and spit seeds on the floor. By the way, the military cadets who supported us in any weather will receive their quota for the match with Schalke free of charge. Keep whining.
It is worth noting that later Galitsky deleted the entries from his micro-blog.
Sergey Galitsky: Krasnodar stadium will never pay off
On the eve of the first match at the club's new arena, Krasnodar President Sergei Galitsky said that no events were planned at the stadium except for football matches.
On Sunday, the Russian national team at the Krasnodar stadium will host the Costa Rica team as part of a friendly match.
Sergey Galitsky will be engaged in winemaking
The main activity of the new company is the cultivation of grapes and the production of wine.
According to Spark-Interfax, Sergei Galitsky owns 51% in the authorized capital of Russian Terroir LLC. Kommersant, citing sources in the Krasnodar Territory administration, reports that the company is negotiating the acquisition of an operating vineyard with an area of about 70 hectares in the Anapa region from one of Valery Loginov's wineries (Gostagay winery). Russian Terroir also plans to launch its own wine production.
Sergey Galitsky: "You need to work not 12 hours, but your head"
Sergei Galitsky is undoubtedly a phenomenal phenomenon in Russian business. He is the only dollar billionaire (this year his fortune is estimated at $ 7.3 billion), earning the sincere respect of his compatriots.
Unlike the rest of the oligarchs who clung to the Kremlin power in the 90s and therefore grabbed billions of dollars in property during the collapse of the USSR, the owner of the most powerful retail chain in Russia created his store empire Magnit from scratch.
Magnit shares are constantly in price on the London Stock Exchange. No Russian securities are traded so briskly in London.
Forbes named the richest heirs of Russian billionaires
Forbes magazine has published a rating of the richest heirs of Russian billionaires for the first time. When compiling it, the publication took into account how much of the father's fortune falls on one child. For this, the billionaire's fortune was divided by the number of his children. The publication admits that formally the resulting list cannot be called a rating of heirs, since it does not take into account other potential heirs, not children.
Magnit may pay out dividends of 7.4 billion rubles. at the end of the first half of the year
The Board of Directors of the largest Russian retailer Magnit recommended that shareholders pay dividends in the amount of RUB 7.4 billion based on the results of the first half of 2014. (based on RUB 78.3 per ordinary share). The company announced this on Friday. This is 38% of the company's net profit for the first half of the year (19.46 billion rubles). The meeting of shareholders, which must approve this decision, is scheduled for August 12.
"Magnit" raised the forecast of revenue growth in 2014 to 26-29%
Russia's largest retailer Magnit raised expectations for revenue growth in 2014 after strong financial results in April-June 2014.
OppenheimerFunds increased its stake in Magnit to 5.002%
June 10, 2014, Moscow 16:53:39 The American company OppenheimerFunds has increased its stake in OJSC Magnit since June 2 from 4.980% (4 million 709 thousand 229 shares) to 5.002% (4 million 729 thousand 595 shares). This is stated in today's message from "Magnet".
Revenue of "Magnet" in May 2014 increased by 28.7% - up to 62.2 billion rubles.
Revenue of OJSC “Magnit” in May 2014 increased by 28.7% - up to 62.195 billion rubles. This was said in a statement.
Magnit shares are included in the quotation list of the St. Petersburg Stock Exchange
06/05/2014, Moscow 10:38:18 AM Shares of OJSC “Magnit” are included in the quotation list of OJSC “St. Petersburg Stock Exchange”. This is stated in the message of the retailer.
"Magnit" will pay dividends for 2013. at the rate of 89.15 rubles. per share
OJSC “Magnit” will pay dividends for 2013. at the rate of 89.15 rubles. per share, the company said today.
The Investigative Committee opened a case against the retail chain "Magnit"
The Investigative Department of the Investigative Committee of the Russian Federation in the Saratov Region opened a criminal case, suspecting ZAO Tander (the operating company of the retail chain Magnit) of discriminating against employees of the distribution center (DC) in the city of Engels "on grounds of belonging to public associations," the local department of the Investigative Committee reported Russia.
Sergei Galitsky became a minority shareholder in his own "Magnet"
Sergey Galitsky and other managers of Magnit parted with a controlling stake in the retail company: after the SPO, about 51% of Magnit may be in free circulation
"Magnit" increased sales in September by 33%
The second largest Russian food retailer by revenue, Magnit, announced today that it had increased sales in September by 33% on an annualized basis to RUB 26.5 billion. In the first nine months of 2011, revenue increased by 46% to 240.1 billion rubles, like-for-like sales by 14.3%, average check by 11.6%, and traffic by 2.4%. In September, the company opened 108 new stores, increasing their number at the end of last month to 4,767.
Sergey Galitsky will build everyone
The development business is becoming a fashionable entertainment for the owners of retail chains. Following the founder of Pyaterochka and Karusel, Andrey Rogachev, ex-owner of Kopeyka, Alexander Samonov, and still co-owner of Eldorado, Igor Yakovlev, the head of Magnit, Sergei Galitsky, decided to take up construction. In Krasnodar, he will build not only 620 thousand square meters. m of housing, but also a stadium for your football club.
The co-owner of Magnit Sergei Galitsky signed an agreement with the Krasnodar authorities on large-scale construction on 77 hectares yesterday in Cannes at the MIPIM-2010 exhibition. The businessman himself told RBC daily about this. The company "Invest-Stroy" controlled by Mr. Galitsky won an auction for the right to lease land in the Prikubansky inner-city district in November 2009, added Krasnodar Mayor Vladimir Yevlanov. According to him, these lands are still agricultural and belong to the All-Russian Research Institute of Oilseeds.
On the won site "Invest-Stroy" plans to build 620 thousand square meters. meters of housing, kindergartens for 2.2 thousand people, schools for 2.8 thousand people, as well as a stadium and a reserve training center for the football club "Krasnodar". Mr. Galitsky's interest in the sports infrastructure is not accidental: he owns the Krasnodar football club. The total investment in the project, according to the businessman, will be approximately 14 billion rubles. Of these, 5.2 billion rubles will need to be invested in housing construction. The newly-minted developer plans to borrow money from banks in order to enter the site this year.
Sergey Galitsky magnetizes exchanges
Magnit, the largest retail chain in terms of the number of stores, is considering the possibility of holding an SPO this fall. As it became known to Kommersant, the retailer is discussing the parameters of the additional issue with Morgan Stanley and VTB Capital, which were the organizers of the previous placement of the chain in 2009. Magnit has planned the largest investment program in the history of retail for this year - $ 1.8 billion: in order not to increase the debt burden, the chain wants to place new shares on the stock exchange - at least $ 500 million (about 4% of shares based on the current value of the company).
The investment company Ray, Man & Gor Securities announced that Magnit may place an additional issue of shares in an analytical report issued following a conference call between Magnit and experts. The investment company refers to the statement of the main owner of the network, Sergei Galitsky, and calls the timing of the possible placement "long-term perspective."
The owner of the Magnit chain Sergey Galitsky shares his experience ...
The owner of the Magnit chain Sergei Galitsky became a billionaire by opening bad stores. Now he will become a multibillionaire, remaking them into good ones.
Sergei Galitsky knows very well what can be done while the ball is on the other side of the field. When everyone thought that scoring chances only happen at the gates of the capital, he quietly opened his Magnit grocery discounters in the Kuban - and succeeded. For such tactics, Sergei Galitsky was even compared with the legendary founder of Wal-Mart Sam Walton, who opened the first store not in New York, but in Newport with a population of 7 thousand people.
“Oh, well, they’re out of our minds,” Galitsky dismisses. “Walton was a great man. And I am a "cubanoid" - I am sitting in Krasnodar, opening small shops.
Sitting in Krasnodar, Sergei Galitsky in 2005 brought his turnover to $ 1.6 billion, overtaking Pyaterochka, brought the company to an IPO and ranked 38th in the list of the richest people in Russia by Forbes magazine with a capital of $ 1.2 billion, becoming the wealthiest a domestic retailer. True, Galitsky does not consider all this a great achievement. Because he wants more.
Owners of companies with over $ 1 billion in revenue
After you familiarize yourself with the list of owners of the largest companies, you will never have a question: why Oleg Deripaska is the number 1 billionaire in Russia. He immediately controls 6 out of 108 holdings, the sales of which in 2006 exceeded $ 1 billion. Only the Russian Federation owns a large number of companies. It is appropriate to draw a parallel here, recalling the recent statements of Oleg Deripaska that he does not separate himself from the state and is ready to give him his own assets. Perhaps this is the key to the success of a businessman. He controls the United Company Rusal, the energy holding Eurosibenergo, Ingosstrakh, the Glavstroy corporation and the GAZ group. And in the near future, Basic Element will become, if not already, the owner of Russneft. Most of Oleg Deripaska's assets have excellent potential for increasing revenue and, accordingly, moving up the list of the 500 largest companies in Russia.
Alfa Group's beneficiaries - Mikhail Fridman, German Khan and Alexey Kuzmichev - can boast of almost the same variety of assets. They are indirectly the owners of TNK-BP, Vimpelcom, Megafon and Alfa-Bank. But unlike Basic Element, Alfa Group does not own a controlling stake in any of the companies, although it is increasing its stake in Vimpelcom's share capital. Mikhail Fridman's group has long been expected to sell TNK-BP shares to one of the state-owned oil and gas holdings, but the shareholders still prefer to keep the “goose that lays the golden eggs” with them. Alfa Group remains the owner of the blocking stake in Megafon, although at the moment when the group just bought a stake in the cellular operator, it was predicted big problems and a collision with the "St. Petersburg communications".
Interview with Sergei Galitsky, owner of the Magnit network
All of us - some regularly, some from time to time - find ourselves in the role of buyers. And, as it seems to us, we can quite judge how the industry works. So we go into the store and see: everything is simple there. However, Sergei Galitsky, the owner of the Magnit retail chain, the largest in terms of the number of stores in the country, does not consider trade to be a simple matter.
"Magnet" is the brightest phenomenon of domestic entrepreneurship. Born in Krasnodar, this network quickly bypassed not only all regional players, but also many retailers that emerged in the favorable climate of the capital markets - with their high, compared to the rest of the country, effective demand. Now only X5Retail Group is in the same weight category with Magnit, and if X5 manages to periodically break into the lead in terms of turnover, then through acquisitions (in 2010, Magnit's revenue was 236 billion rubles, and X5's - 342 billion) ... The Krasnodar retailer is stubbornly betting on organic growth, investing huge sums of money in its advantages - a well-found “discounter at home” trading format and well-organized logistics. So, in 2010, the investment program of "Magnit" amounted to 1.3 billion dollars, in 2011 it is planned 1.5 billion. Only MAN trucks in the network will be delivered 1.5 thousand - for 150 million euros.
"Magnet" for investors
Even last year, Magnit remained a mystery to the market - the network was banned from communicating with the press, and calls from strangers were diverted to the Tander security service. At the beginning of 2005 “Magnit” announced its sales turnover and number of stores for the first time. It turned out that the chain separates from its main competitor, Pyaterochka, only about $ 100 million in revenue (Pyaterochka's turnover in 2004, excluding franchise stores, was $ 1.1 billion). Experts linked the unexpected frankness of Magnit with the IPO planned for 2006. The founder of the network, Sergei Galitsky, first promised to sell shares on the stock exchange in February at a conference in London. On the eve of the IPO, Magnit is going to issue bonds for 2 billion rubles.
In an information memorandum on the upcoming loan, “Magnit” for the first time disclosed the structure of the chain's shareholders. As of the end of October 2005, 59.97% of ZAO Tander, the parent company of the chain, belongs to its founder and CEO Sergei Galitsky. Another 25% is owned by Okward Invest & Trade Co, 15.03% - by other shareholders. ZAO Tander consolidates the group's cash flows and owns the rights to the Magnit brand. The property of the chain is owned by CJSC “Magnit”. As of October 1, 2005, he owned the real estate of 212 Magnit stores (the rest of the chain rents) with a total area of about 90,000 sq. M. m. Until the end of this year, according to the memorandum, 100% of ZAO Tander should be transferred to ZAO Magnit, in which Galitsky will own 54.99%, Universal Technology - 25%, other shareholders - 20.01% ...
In honor of the anniversary of the largest businessman in Krasnodar, the Yuga.ru portal collected 50 known and unexpected facts about him.
1.Sergey Galitsky was born 50 years ago- August 14, 1967 in the village of Lazarevskoye (Sochi).
2. The Godfather, Modigliani and Vatel. According to Galitsky, these three films he can revise many times.
3. In December 2014, Galitsky, according to Bloomberg, lost $ 600 million in two days. This happened due to the sharp collapse of the ruble exchange rate.
4. The market value of Magnit, according to Forbes, is $ 15.6 billion. it eighth place in Russia... Only oil workers, gas workers and Sberbank are cooler.
5. Three main disadvantages Galitsky, in his own opinion, is impatience, intolerance and aggression towards people with not very high intelligence.
6. Title "Magnet" appeared as a result of a competition held among the top managers of the company. The name is an abbreviation for Low Rate Stores.
7.From birth, the future billionaire bore a surname Harutyunyan... After the wedding, he took the name of his wife Victoria.
8.In 2009, the Krasnodar oligarch was offered to buy for 1 euro football club "Moscow". Galitsky refused. Six months later FC "Moscow" ceased to exist.
9.In May 2017, the daughter of a businessman Pauline ranked fifth in the list of the richest heirs of Russian billionaires.
10. The entrepreneur invested at least 20 billion rubles in the construction of the FC Krasnodar stadium. The people called the arena Galize.
11.Sergey Galitsky will finance the reconstruction of the cinema "Aurora" on the terms of public-private partnership. The estimated price of the issue is 600 million rubles.
12. Galitsky graduated from the Faculty of Economics of the Kuban State University with a degree in "Finance and credit".
13.On September 13, 2011, by the decree of the Governor of Krasnodar Territory, the businessman was awarded the title "Hero of Labor of the Kuban".
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14. 104 meter yacht Quantum Blue, worth 140 million euros, is one of the largest and most luxurious in the world. Forbes calls the owner of the ship Sergei Galitsky.
15. Once a businessman bet on box of wine with the ex-coach of CSKA and the Russian national team Leonid Slutsky. Under the terms of the bet, Sergei Nikolaevich will receive wine if in one of the matches 11 of the club's own pupils appear on the field as part of Krasnodar.
16. Shurin's (wife's brother) Galitsky's name Sergey Nikolaevich Galitsky.
17. According to the businessman, only one book in the last 30 years has made him want to re-read it again - this is a biography Steve Jobs.
18. Galitsky - founder and owner FC Krasnodar... The football club was founded in 2008.
19. A few days ago it became known that "Magnit" got into top-100 innovative companies of the world according to Forbes. Even earlier, Galitsky's company took third place in the list of intellectual companies in Russia.
20. According to the entrepreneur, at first he first company"Balancing between an abyss and a small profit" and was like "a thin pig that runs all the time and looks for an apple in the forest."
21. After the army, the future oligarch worked for a year loader in a perfume warehouse.
22. Slogan "Magnet""Always Low Prices" is reminiscent of the phrase Everyday Low Prices, which is the motto of the American trading giant. Wal-Mart.
23. In 2006 Vladimir Putin presented Sergei Galitsky with a personal watch for the contribution of his enterprise to the Russian economy.
24. "75% of Russian blood, 25 - Armenian" - this is how the businessman described his origin. Galitsky's father is Nikolai Gevorkovich Harutyunyan.
25. Once Galitsky said that all players who have played 100 matches for FC Krasnodar will be awarded commemorative hours Rolex... As a result, the watch has been awarded more than 10 times.
26. Galitsky belongs reactive plane business class Embraer Legacy. The cost of such a model starts at $ 25 million.
27. Trading network "Magnit" is the world's largest customer of heavy vehicles MAN.
28. Galitsky has been among the twenty richest people in the country for several years. According to Forbes, the state of the Kuban businessman today is 6 billion 800 million dollars, this is 18th place in Russia.
29. In 1985-1987 Sergey Harutyunyan served in the ranks of the Soviet army.
30. It is said that the businessman's favorite car brand is Ferrari... However, in an interview, Galitsky said that this is a terribly inconvenient car, which he has long been planning to sell.
31. As a child, Sergei Harutyunyan was fond of football and spent a lot of time in the field. Later, football was replaced by a hobby chess.
32. Favorite country for rest - Italy... “Nothing supernatural. The cuisine is simple, sun and historically an interesting country, "Galitsky admitted to a Forbes journalist.
33. Galitsky and his wife studied at the same faculty, but in different specialties - he is a financier, and she is an accountant.
34. Galitsky's company opened the first grocery store in Krasnodar in 1998 year.
35.Sergey Galitsky likes the TV series "Motherland" Is an American political thriller about special services, spies and love for their native country.
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36. In November 1995 Galitsky gave birth to a daughter, who was named Polina. Rumor has it that cheese " Oh, Polinka! ", sold in Magnit stores, was named after her.
37. In my third year I wrote an article on the topic of liquidity and sent it to the magazine "Finance and Credit". After the publication of the student, Harutyunyan was summoned to interview to one of the Krasnodar banks.
38. As a child, Galitsky was rooting for the Moscow "Spartacus"... Favorite player - Fedor Cherenkov.
39. In the ninth grade, Sergei Galitsky became Sochi Chess Champion... He called Mikhail Tal and Garry Kasparov his idols.
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40. Football club "Krasnodar", according to Galitsky, was created in order to serve source of motivation for making money.
41. At the age of 27, an aspiring entrepreneur, together with partners, founded a company "Transasia", engaged in the distribution of cosmetics and perfumes.
42. " Krasnodar is my favorite city... I am proud of him and do not want to go anywhere. I would like, of course, later, but die here ", - Galitsky once said in an interview with the Sport-Express newspaper
43. In May 2014, Galitsky hit the cover of the anniversary issue Forbes magazine, which at that time was published in Russia for 10 years. The editors chose him, together with Arkady Volozh, the founder of the Internet company Yandex, as the two main characters of the issue.
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44. The daughter of the Galitsky, like her parents, entered the Faculty of Economics, KubSU.
45.On August 1, 2017, the retail chain "Magnit" announced the opening of 15 thousandth store companies. The jubilee point was opened in Novokuznetsk.
46.Sergey Galitsky loves fried potatoes, apples and coffee.
47. In order to help the family at school, the future billionaire collected hazelnuts and rented it out for money.
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