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Russia's Magnit sees smaller revenue growth in 2017
October 20, 2017 / 1:24 PM / 2 months ago

Russia's Magnit sees smaller revenue growth in 2017

MOSCOW, Oct 20 (Reuters) - Russia’s second-biggest food retailer Magnit said on Friday it had lowered its forecast for revenue growth in 2017 to 8-10 percent from an earlier estimate of 9-11 percent.

It also said it had plans to open 800 beauty product stores in 2017, down from a previous forecast of 1,000 stores. (Reporting by Anton Kolodyazhny/Olga Sichkar; Writing by Dmitry Solovyov; Editing by Andrew Osborn)

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