The management of public establishments, in particular hotels, aparthotels, guesthouses and pensions; restaurants, inns, taverns, grottos, canvetti and breweries; cafes, bars and tea rooms; nightclubs, discos and piano bars, the organization of cultural and musical events, the organization, promotion and brokerage of entertainment shows, the brokerage and promotion of musicians and other artists as well as the provision of consulting services in these sectors. The company may also engage in all commercial activities, or of another kind, as well as publishing activities, graphic activities, the buying and selling of new and used watches, jewelry and bijoux, as well as import & export in general and all activities that are related to its social purpose or that are intended to promote it. The company is authorized to administer, acquire and sell as well as manage lands of all types, namely real estate, co-ownership shares, condominium units, etc. The company is authorized to establish branches, affiliated companies as well as foundations in Switzerland and abroad and may participate in other companies. It may also make loans on its own account or on behalf of third parties and provide guarantees to controlled companies and third parties.