The company's purpose is to acquire, hold, manage and dispose of participations in companies, enterprises or organizations, in particular in the field of hotel, restaurant and other gastronomic businesses as well as related ancillary businesses. The company is also authorized to assume representations, acquire, exploit and dispose of patents, trademarks, licenses and other rights. The company may enter into all transactions and conclude contracts that are suitable to promote the purpose of the company. It may establish branches in Switzerland and abroad, participate in other enterprises or merge with them. The company may raise loans of all kinds to achieve its purpose. Furthermore, it may grant loans, guarantees and other forms of financing and security to its direct or indirect subsidiaries as well as to other group companies, whether for consideration or not.