The company's purpose is to manufacture, market and distribute consumer goods, in particular textiles, perfumes, cosmetics, clothing accessories, furniture and furnishings, jewelry, precious and non-precious metals and stones, as well as the marketing of leather goods and their imitations, carpets, household and kitchen utensils and containers, gift items in general, glassware, ceramics and porcelain. The company may establish branches in Switzerland and abroad, found subsidiaries, participate in related companies, acquire, hold, manage, encumber, utilize and sell real estate and intellectual property rights, and provide financing to affiliated and other companies, grant security of any kind, or otherwise secure or guarantee obligations of these companies. The company may grant direct or indirect financing to its direct or indirect subsidiaries and third parties, including its direct or indirect shareholders and their (direct or indirect) subsidiaries, provide security of any kind for its own liabilities and those of other companies (including its direct or indirect shareholders or companies in which these shareholders are directly or indirectly involved), including by way of pledges on or fiduciary transfers or assignments of the company's assets, or provide guarantees, enter into joint and several liability or suretyships, or otherwise secure or guarantee obligations of these other companies, whether for consideration or not. Furthermore, the company may engage in cash pooling with the above-mentioned companies or join such a system, including periodic account balancing. This also applies without consideration, on preferential terms, without interest, excluding the company's profit motive, and assuming cluster risks. The company may engage in all commercial, financial and other activities that appear to promote the company's purpose, are related to it, or are in the interest of the Frette group of companies or their group companies.
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