The company's purpose is to operate and manage retail and other service companies. The company may also conduct any business that is suitable to promote the achievement of the company's purpose or is directly related to the operation. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct any business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide security for the liabilities of affiliated companies.