Within the scope and limits provided for by the applicable legislation from time to time, the company pursues its corporate purpose and may engage in the production of cosmetic and perfume articles, leather goods and jewelry, and wholesale and retail trade, also through electronic commerce systems on the internet, by correspondence and by telemarketing of the same. It may grant guarantees and guarantees of any kind to anyone, for obligations and debts of third parties, even if they are not shareholders, as well as carry out any operation that the administrative body deems useful or necessary in a instrumental way to achieve the corporate object. In particular, but only in a instrumental way to achieve the corporate object (and not in a prevailing manner within the same), it may take participations in other companies or enterprises established or to be established. The company may open branches and subsidiaries in Switzerland and abroad, and participate in other companies in Switzerland and abroad.