Milkiland to supply cheese to Russian retailer Magnit

Milkiland (MLK PW) signed a contract to supply its cheese to leading Russian food retailer Magnit, the company announced yesterday. The contract provides for a two month trial period when Milkiland will only supply 76 Magnit hypermarkets, after which Milkiland’s supplies will be sold through all Magnit’s 4,593 convenience stores and 76 hypermarkets in the Russian Federation.