The operation of commercial and industrial enterprises in Switzerland, with the exception of operations prohibited by the LFAIE, in the sectors: retail trade, catering and hospitality. The company may also create branches in Switzerland, participate in other companies there and carry out all transactions directly or indirectly related to its corporate purpose, with the exception of operations prohibited by the LFAIE. It may, for its own account or for that of third parties, finance, conclude guarantees and bonds for subsidiaries and third parties, and may also, with the exception of operations prohibited by the LFAIE, acquire, encumber, sell and manage real estate, land, licenses, patents and other intangible assets in Switzerland.