Car share operators jump in as Paris Autolib scheme withers 

PARIS (Reuters) – A string of private car-share operators are revving up business in Paris as the pioneering city-run Autolib scheme comes to an end and city authorities promote car sharing over private ownership.

Last month, Paris ended the Bollore Group’s contract to operate its Autolib electric vehicles due to financial difficulties at the state-funded scheme. Its nearly 4,000 cars are set to disappear from Paris roads at the end of July.

“We will reestablish a car sharing offer from September and we will have more cars than we had before with Autolib. Paris will remain a pioneer in shared mobility,” Paris transport chief and deputy mayor Christophe Najdovski told reporters.

At a mobility event where car, scooter and bicycle share operators demonstrated their services in front of city hall, car sharing scheme operators said they planned to expand their operations, but that growth would largely depend on how many dedicated parking spaces the city makes available.

U.S. car-sharing group Zipcar, owned by car rental group Avis, has been active in Paris for five years and plans to grow its fleet from 100 cars today to 150 in September and about 200 by year-end [ . . . ]

Continue at REUTERS: Car share operators jump in as Paris Autolib scheme withers | Reuters

Investing in Fine Wine Is More Lucrative Than Ever – Bloomberg

Once an exotic market, parking your assets inside expensive bottles can yield tremendous profits.

 

Buying rare wines is like investing in a startup: You need 10 years of runway to see significant returns. But unlike a startup, wine is a lot more lucrative these days.

Had you allocated $100,000 to Cult Wines, a U.K.-based wine portfolio manager, your money—which is to say your wine—would have returned an average of 13 percent annually. In 2016, its index performance was actually 26 percent. The fine wine secondary market hovers at about $5 billion, a fraction of the $302 billion global wine market. But Euromonitor International Ltd. projects that while “key luxury players face mounting risks in 2018,” the wine and Champagne category is set to increase by an estimated 7 percent.

To anyone that knows wine, French is the must-have and French Bordeaux the absolute must-have

When it comes to what private bank Coutts & Co. calls the “passion index,” wine is right up there with fancy cars and rare coins [ . . . ]

Continue story at BLOOMBERG: Investing in Fine Wine Is More Lucrative Than Ever – Bloomberg



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