The company's purpose is to engage in wholesale and retail trade with fashion items, as well as retail trade with cosmetics, floristic products and fresh flowers, electrical items and home accessories. The company may acquire, participate in or establish branches of similar or related companies in Switzerland and abroad. The company is authorized to conduct all business that serves to promote the aforementioned purpose of the company. The company may conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate and intellectual property rights in Switzerland and abroad. In particular, it may provide financing for its own account or for the account of third parties, as well as guarantees and sureties for indirect and direct subsidiaries and third parties. It may also grant loans or other financing to companies directly or indirectly connected with it, against payment or free of charge, and provide securities of all kinds.