Taravella

Altarea, a name shortened from Alain Taravella Real Estate, plunged into retail properties, an area other companies were abandoning after France froze construction of out-of-town shopping centers to protect small businesses.

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For 19 years, Taravella helped turn the small business that built chalets at a ski resort into a 490 million-euro company as of early August that runs 51,000 holiday homes across Europe .

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Taravella says that he has little time for distractions, other than opera and keeping an eye on olive oil production at his estate in Provence.

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Taravella positioned Altarea as a city-center specialist.

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Investors say Taravella delegates responsibilities to the loyal team he has assembled, all of whom hold Altarea shares.

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Alain Taravella, center, chairman of Altarea SCA, attends the inauguration of the Espace Saint Christophe de Tourcoinr mall.

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Alain Taravella, Chairman of Altarea SCA photographed at the company's headquarters in Paris, France on May 17, 2011.

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Alain Taravella, Chairman of Altarea SCA photographed at the company's headquarters in Paris, France on May 17, 2011.

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Alain Taravella, center, chairman of Altarea SCA, attends the inauguration of the Espace Saint Christophe de Tourcoinr mall.

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These days, Taravella is building a mall in the Paris suburb of Villeneuve-la-Garenne and developing big-box retail parks in Limoges and

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