The company's purpose is to trade in used and new goods, in particular clothing as well as fashion and decorative items. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as 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 grant guarantees and sureties for subsidiaries and third parties. Furthermore, it may trade in intellectual property rights, in particular patents, patent rights and trademark rights, as well as acquire and grant licenses under such rights.