- Apr 8, 2007
- Reaction score
ELuxury.com, the designer e-commerce site launched in June 2000 by LVMH MoÃ«t Hennessy Louis Vuitton, will close the retail portion of the site over the next six months.
A spokeswoman at LVMH confirmed the San Francisco-based e-tailer is in the early stages of transitioning the site into an online magazine focusing on luxury markets. She said the reason for the closure of the retail operation was not based on the site's financial performance, but rather because many of the brands it sells have developed their own online presences.