The purpose of the company is to establish and operate retail businesses of all kinds in Switzerland and abroad, as well as to participate in such businesses. The company may establish branches and subsidiaries in Switzerland and abroad. The company may grant loans or other financing to third parties, including companies in which it has a direct or indirect interest, as well as to direct or indirect shareholders of the company or companies in which these direct or indirect shareholders of the company have a direct or indirect interest, and may conclude cash-pooling agreements with such third parties and provide security of all kinds for their liabilities and issue guarantees, in each case with or without consideration and even if these transactions are in the exclusive interest of the third parties. The company may acquire, hold, manage, encumber, utilize and sell real estate, participations, financial instruments and intellectual property rights in Switzerland and abroad. The company may engage in any further activity that is directly or indirectly related to the aforementioned purposes.