The development, design and manufacture of clothing and sports articles, in particular in the field of golf, as well as the trade in goods of all kinds, the design, operation and management of golf courses, the acquisition, licensing and management of intellectual property rights and the provision of services in the aforementioned areas as well as in the areas of sports activities and events, computer software, corporate and management consulting, computer systems and information technology. Furthermore, the company may establish branches in Switzerland and abroad, found or acquire other companies, as well as acquire and manage real estate.