The company's purpose is to operate retail businesses with food and non-food items, as well as to operate restaurants and accommodation establishments. Furthermore, the company may engage in any business that is suitable to promote the company's purpose. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and 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 provide guarantees and sureties for subsidiaries and third parties.