Manufacture and trade of watches, jewelry, gold and silverware and all other related and industry-standard articles, as well as operation of wholesale and retail businesses in other industries; investments; acquisition, encumbrance, sale and management of real estate; the company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or merge with such companies, provide financing for its own account or for third-party account, and grant guarantees and warranties for subsidiaries and third parties, acquire, encumber, sell and manage real estate and licenses in Switzerland and abroad, and in any form, exploit, utilize or sell patents, trademarks, design rights, copyrights and other industrial property rights.