(Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F)

(Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934).

Press Release dated September 12, 2007

Benetton Group S.p.A.

By: /s/ Luciano Benetton

______________________

Name: Luciano Benetton

Title: Chairman

Dated: September 12, 2007

Group net revenues for the first half of 2007 were 990 million euro, up 92 million (+10.2%) compared with 898 million in the first half of 2006, driven by the apparel segment.

Worthy of particular mention are:

• the trend of revenues from the partner-managed network, positively influenced by good reception of collections in the market and commercial development initiatives;
• growth of sales by directly operated stores, also due to the contribution of the Italian partnership Milano Report, consolidated since August 2006.

The main growth factor was the strong acceleration in volumes (+13% compared with the same period of 2006) with a total of 74 million garments sold for the first half year. A positive contribution also from product mix, while negative impacts on revenues resulted from exchange differences (11 million euro) and the completion of policies to increase margins to the network with the 2007 Spring/Summer collection.

Gross operating income as a percentage of revenues was 42.7%, compared with 42.3% in the first half of 2006, going from 380 million euro to 423 million euro, favourably influenced, in particular, by managerial efficiency, volume and mix, as well as, partially, by weakness of the dollar.

The contribution margin was 355 million euro, compared with 315 million in the first half of 2006, and 35.9% of revenues compared with 35.1%.

EBIT increased to 107 million euro, compared with 89 million in the first half of 2006, equivalent to 10.8% of revenues.

EBITDA reached 15.3% of revenues, increasing to 151 million euro against 132 million (+14.8%) in the same period of last year. EBITDA from ordinary operations was 145 million euro, equivalent to 14.6% of revenues, compared with 126 million euro in the first half of 2006 (14% of revenues).

Net income for the period was 70 million euro, with a growth of 10.2%, compared with 64 million for the first half of 2006, maintaining an unchanged percentage of sales.

Highlights of the statement of income for the first half of 2007 and 2006 and for the full year 2006 are shown below; they are based on the statement of income classified by category (the percentage changes are calculated based on the precise values).

• increase in inventories due to the different segmentation of collections and the management of continuative garments, as well as the higher number of directly operated stores;
• increase in trade payables due to higher volumes and better payment terms.

In addition to comments already made relating to working capital, capital employed increased by a further 205 million, mainly due to the increase in expenditure on tangible and intangible fixed assets.

Compared with December 31, 2006, capital employed increased by 91 million euro, driven by an increase in working capital due to the cyclical nature of the business, in addition to the net increase in tangible and intangible fixed assets resulting from gross operating capital expenditure in the half year of 101 million euro. The greater part of the capital expenditure, totalling 71 million, went to the commercial network. Production capital expenditure related mainly to increases in production capacity of the Croatian and Tunisian centres and of the Castrette di Villorba hub in Italy.

Other capital expenditure amounted to 12 million and concerned mainly Information Technology (start-up of SAP software relative to the sales cycle).

The most significant elements in the financial situation, compared with December 31 and June 30, 2006, were as follows:

Net financial indebtness was 459 million euro compared with 292 million euro at June 30, 2006.

Free cash flow absorbed was 22 million euro. The result was influenced mainly by investments for the commercial network, development of the Croatian and Tunisian production centres and of the hub in Castrette di Villorba (Italy) and Information Technology; disposals in the period referred mainly to the sale of commercial companies located in Milan, Nantes and Avignon, as well as to production plant and machinery.

Free cash flow was also effected by the increase of the working capital associated with higher sales volumes and the different segmentation of collections.

Cash flows during the half-year are summarized below with comparative figures for the first half of the last financial year:

It is forecast that EBITDA, calculated before non-recurring items, will show an increase of over 20%, with a percentage of revenues exceeding 15%.

Investments are forecast around 300 million euro and the net financial indebtness is forecast to be around 450 million by the end of 2007.

The decision was made in the light of the globalization process within the financial markets and of the internationalization of the Italian Stock Exchange, taking into account the low trading volumes in New York and due to the fact that even the principal American shareholders trade Benetton shares mainly on the Italian stock exchange.

Benetton Group, which adheres to the standards required by the American legislation of 2002, the Sarbanes Oxley Act, will continue to maintain a level of internal control, corporate governance and financial reporting in accordance with the highest international standards, in addition, naturally, to the full respect of Italian legislation governing savings.

The delisting and deregistration of Benetton Group do not affect the Group's business strategy in the United States.

In the next few days, Benetton Group will file Form 25 and Form 15F to the Securities Exchange Commission (SEC), subsequently following the procedures and timing provided by the new simplified procedure recently approved by SEC.

Benetton Group has not arranged for listing and/or registration of its ordinary shares or ADSs on any other U.S. national securities exchange or quotation medium (as defined in Rule 15c 2-11 under the Exchange Act).

The Company will maintain its Level 1 American Depository Receipt programme. Ordinary shares will remain listed on the Italian Stock Exchange, constituting the primary trading market.

The Company will continue to make its annual and interim reports and press releases available on its website (www.benettongroup.com), also in English.

The Responsible Manager, Emilio Foà, has issued a written declaration in accordance with art. 154 bis, II paragraph of the Tax Consolidation Act, attached to the Half Year Report to June 30, 2007, stating that this latter, on the basis of what he knows, corresponds to the documentary results, books and accounting records.

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