Airesis Sa operates in the Sporting & recreational goods sector. Airesis SA is a Switzerland-based holding company that specializes in investments in brands, particularly in the sports sector. The Company's operations are focused on its two participations: Le Coq Sportif, in which it holds a 69% stake, and Boards & More (wholly owned). Its brands portfolio includes the Le Coq Sportif, Mistral, Fanatic, North Sails, North Kiteboarding, Ion, North Sails Windsurf and North Kiteboarding brands. The Company's main markets are France, Italy and Spain. Airesis generates its profits through the acquisition and further resale of participations. Le Coq Sportif has seven subsidiaries, located in France, Uruguay, the United States and Germany, among others. Boards & More owns four subsidiaries located in France, Germany, Austria and Switzerland. As of December 31, 2010, the Company also wholly owned A2I, Archivages et Analyses d'images SA in Switzerland, and was a majority shareholder of Hazard Immobilier SA. In
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