The creation, production, import, export, distribution, marketing and commercialization of cosmetic products and related services; the acquisition, sale, holding and management of participations in all commercial, financial or industrial companies, with regard to real estate participations in Switzerland, these are limited to an exclusively commercial use; the company may, either on its own account or on behalf of third parties, carry out all financial, commercial, industrial, movable and immovable transactions in Switzerland and abroad, directly or indirectly related to the main purpose; create branches or subsidiaries in Switzerland and abroad; participate in all enterprises having a direct or indirect connection with its purpose; grant loans or guarantees to subsidiaries, associates or third parties.