The acquisition, administration, management, holding and sale, as a holding company, of participations in commercial, industrial, financial, service and any other type of companies with a seat and/or activities in Switzerland and/or abroad, on its own account, as well as the financing of subsidiaries or third-party companies, the granting of credits in any form to subsidiaries or third-party companies, notably through loans, advances or guarantees. The company may purchase and sell movable assets, such as works of art, watches, vehicles and luxury furnishings. The company may also, on its own account, acquire, encumber, manage, administer and sell its own real estate in Switzerland and abroad, also through subsidiaries or affiliated companies. Finally, the company may carry out all commercial, industrial and financial operations or of any other type deemed necessary or useful and functionally connected with the company's purpose or aimed at achieving its purpose.