The Company's purpose is the development, production, and distribution of cosmetic products. The company may establish branches and subsidiaries in Switzerland and abroad and may hold direct or indirect interests in other Swiss or foreign companies that are directly or indirectly related to its purpose. The company may acquire, encumber, alienate, and manage real estate properties located in Switzerland or abroad, provided that the real estate properties located in Switzerland are exclusively used for commercial purposes. It may also carry out all financial transactions on its own account or on behalf of third parties, as well as grant guarantees and act as a guarantor in favor of subsidiaries and third parties.