Manufacture and sale of bakery products, fine bakery, chocolate, confectionery and ice cream; operation of bakeries and tea rooms. The company may carry out in Switzerland and abroad, either on its own account or on behalf of third parties, all commercial, financial or real estate transactions (except for operations prohibited by the LFAIE), directly or indirectly related to its purpose, take participations in all commercial, industrial or financial companies (except for operations prohibited by the LFAIE), create branches in Switzerland and abroad. The company is authorized to take financing, restructuring and intercession measures for the benefit of shareholders, group companies or third parties, as well as grant loans or guarantees to shareholders, group companies or third parties when it serves its interests.