Luigi de Puppi, chief executive of Italian clothing manufacturer Benetton Group, has told an Italian newspaper that a fall in demand after the September 11 terrorist attacks in the US will have a "limited impact" on the company's business.

"We haven't substantially revised down our estimates," de Puppi told Milano Finanza. "For end-2001, the estimates indicate a revenue of EUR2.1 billion and a slight drop in profit."

He added that the current low level of rates was a boon for investment and expansion, and that Benetton plans to invest ITL400 billion next year in new markets such as Turkey, China and India and in expanding its 'megastore' concept.