The company's purpose is to carry out watch repairs and watch production, as well as provide consulting and training in the field of watchmaking. Furthermore, the company aims to trade in goods of all kinds, in particular watches and watch components. 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 securities for the liabilities of affiliated companies.