Licensing of rights for the development, production, marketing and sale of watches and related products, jewelry, accessories, textiles, fashion items and all related, industry-standard and directly or indirectly related products under its held brands, trademarks and other intellectual property rights and all directly or indirectly related activities; licensing of the operation of corresponding sales outlets; may participate in other companies, acquire, encumber, sell and manage real estate; may also provide financing for its own or third-party account, as well as guarantees and sureties for subsidiaries and third parties.