SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of ~~June~~July, 2005

Benetton Group S.p.A.

Via Villa Minelli, 1 - 31050 Ponzano Veneto, Treviso - ITALY

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

Form 20-F X
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).

Yes ______ No X

TABLE OF CONTENTS

Press Release dated ~~June~~July 1020, 2005

~~BENETTON~~Benetton ~~FINALIZES~~Group ~~REVOLVING~~SpA's ~~CREDIT~~approval ~~LINE~~of OF2005 ~~500~~first ~~MILLION~~half ~~EURO~~results

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Benetton Group S.p.A.

By: /s/ Luciano Benetton

______________________

Name: Luciano Benetton

Title: Chairman

Dated: ~~June~~July 1020, 2005

BENETTON ~~FINALIZES~~GROUP ~~REVOLVING CREDIT LINE OF 500 MILLION EURO~~SPA

~~Ponzano,~~Approval ~~10th~~of ~~June~~ 2005~~. Benetton~~ ~~Group~~first ~~has~~half ~~finalized, with a pool of 10 banks, the negotiation of a revolving credit line for an amount of 500 million euro, expiry 2010.~~results

Ponzano, 20th July 2005. The ~~financing~~Company isadvises atthat ~~floating~~the ~~rate,~~Board ~~Euribor~~of ~~index~~Directors' ~~linked,~~Meeting ~~one~~for the approval of the first half financial results has been called for 21st September 2005, ~~three~~in orsubstitution ~~six~~of ~~months~~the date previously communicated, ~~with~~12th aSeptember ~~spread~~2005, ofas ~~between~~permitted 27by Art.5 81 and 6082 ~~basis~~bis, ~~points~~third comma, of the CONSOB Regulation (CONSOB resolution n.11971/1999).

~~The~~As ~~loan~~previously ~~provides~~advised, ~~for~~the ~~compliance~~Company will prepare the 2005 first half results in accordance with ~~three~~the ~~financial~~international ~~covenants~~accounting principles (IAS/IFRS) applicable for interim reports, according to bethe ~~calculated~~provisions ~~every~~of ~~six~~art. ~~months~~81 ~~based~~of onthe above-mentioned CONSOB Regulation, while continuing to take advantage of the ~~consolidated~~exemption from the publication of the second quarterly report relating to the 2005 financial ~~statements~~year, ~~namely:~~pursuant to the same Regulation.

~~minimum~~For ~~ratio~~further ~~between~~information ~~EBITDA (earnings before interest, taxes, depreciation~~ and ~~amortization) and net financial charges of 4;~~contacts:

~~minimum~~Media +39 ~~ratio between the net financial position and shareholders' equity of 1;~~0422519036

maximum ratio between the net financial position and EBITDA of 3.5.

There are also limitations on significant business disposals and on the granting of collateral security for new loans.

The pool of financing banks (all Mandated Leader Arrangers) is composed of: Banca di Roma of Capitalia Group, Banca Intesa, Banca Nazionale del Lavoro, Banco Popolare di Verona e Novara, BNP Paribas, Calyon, Citigroup Global Markets Ltd, HSBC Bank plc, Sanpaolo IMI, Unicredit Banca Mobiliare - UniCredit Banca D'Impresa.

Facility Agent BNP Paribas.

For further information:

Media 0039 0422 519036

www.benettongroup.com/press

Investor Relations ~~0039~~ ~~0422~~+39 ~~519412~~0422519412

Filing Compare · BENETTON GROUP SPA