By Olga Sichkar
MOSCOW, Feb 13 (Reuters) - Tesco Plc
F&F, launched in the UK and the Republic of Ireland in 2001, has already announced plans to boost its international presence and earlier this week said it had opened its first stores in the Philippines, increasing its footprint to 20 countries.
Although it has not mentioned Russia among countries it was targeting, one source close to the company said F&F was interested in the market, which has been buoyed by a rising middle class.
Russia has been a popular destination for international consumer-focused firms seeking to diversify away from more mature markets in Europe and the United States, and many clothing retailers such as Marks & Spencer Group Plc
Tesco, the world's third-biggest retailer, has had a run of poor results and is in the midst of a 1 billion pounds ($1.7 billion) turnaround plan for its main British business, suffering from competition for customers and pressure on consumer finances.
Two other sources said Tesco would likely partner with Debruss - the Russian franchise operator of British retailer Debenhams Plc
Preliminary plans envisage the opening of up to five stores in Russia this year and a further eight in 2015, although the firms have not yet signed a partnership agreement.
A Tesco spokesman said the company is always looking for new opportunities for F&F but declined further comment. Debruss declined comment. ($1 = 0.6030 British pounds)
(Additional reporting by Maria Kiselyova; Editing by Megan Davies and David Holmes)
((maria.kiselyova@thomsonreuters.com)(+7 495 775 1242)(Reuters Messaging: maria.kiselyova.thomsonreuters.com@reuters.net))
Keywords: TESCO RUSSIA/F&F




















