LAPHI SA

The purchase, sale and operation of bakeries, cafes, restaurants, bars or beverage outlets, as well as all activities related to the sale of tobacco and all related operations and transactions, including in particular all operations and transactions related to the creation, transfer, takeover and transfer of business funds and concepts, with the exception of all operations subject to the LFAIE. The company may establish branches in Switzerland and abroad. The company may participate in other companies; The company may acquire, hold and dispose of real estate. Furthermore, it may conclude all contracts and perform all acts directly or indirectly related to this purpose, or which are likely to enable its achievement.