The purpose of Cloed's GmbH is to operate snack bars and restaurants, trade in food and non-food consumer goods, and provide related distribution services. The company can establish branches and subsidiaries in Switzerland and abroad, participate in other companies, and conduct all business that is directly or indirectly related to its purpose. The company can acquire, encumber, sell, and manage real estate in Switzerland and abroad, rent and lease premises, and conclude contracts that are suitable to promote the company's purpose or are directly or indirectly related to it. It can also provide financing for its own account or for the account of third parties, and grant securities for liabilities of affiliated companies. The company can manage, utilize, and sell tangible assets.