The company's purpose is to operate a publishing house and to carry out all related or similar activities and legal transactions. In particular, the company may acquire, transfer and exploit works and copyrights as well as licenses in all possible forms. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.