The association aims to promote science, teaching and research in the field of fashion and luxury industry worldwide. The association can finance, establish and manage scientific research, as well as university and other educational institutions and consulting and support facilities. The association can also participate in state programs, non-profit institutions and commercial enterprises and their projects in the sense of its scientific promotion activities. The association offers its members and third parties the opportunity to use the association's structures and research results and to participate in the activities and projects. The association strives for international cooperation with universities, research institutions, supranational, state and private companies. The association can acquire real estate and other assets, intellectual property and rights to achieve its purpose and also to manage its assets. It can participate in companies in Switzerland and abroad in this sense.