The purchase, sale and processing of furs, leather goods in general and clothing on its own account and on behalf of third parties, the buying and selling of real estate and the acquisition of companies with a similar purpose. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other Swiss or foreign companies, acquire or establish other companies of the same kind, acquire real estate, as well as conclude all transactions and contracts that are suitable to promote the purpose of the company or that are in any case in a direct or indirect relationship with the achievement of this purpose.