The purpose of the company is to manufacture, market and sell audio headphones, audio products, clothing and related accessories worldwide. The company may establish branches and subsidiaries in Switzerland and abroad, participate in or acquire other companies in Switzerland and abroad, and establish them. The company may acquire, encumber, sell and manage real estate and intellectual property rights in Switzerland and abroad. The company may provide financing of any kind for its own account or for the account of third parties and/or take advantage of it, and in particular enter into credit or security transactions (including the granting of pledges, security assignments and transfers, guarantees, sureties, patronage declarations, compensation obligations and related economic benefits), for consideration or free of charge, with, for the benefit of and/or in relation to liabilities of direct or indirect shareholders, subsidiaries and other affiliated companies, even if such financing, credit or security transactions are in the exclusive interest of direct or indirect shareholders and/or affiliated companies. The company may conduct any other business and take any measures that appear suitable to promote the purpose of the company directly or indirectly.