ELuxury to shut retail operations Friday; closeout sale underway

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ELuxury, the high-end e-commerce site owned by Moët Hennessy Louis Vuitton, is shutting its retail operations Friday -- which means steep discounts on Dolce & Gabbana heels, Marc Jacobs dresses and Fendi tote bags.

Of course, even at closeout prices many of the site’s offerings still carry jaw-dropping price tags, such as a $2,605 Versace draped one-shoulder dress on sale for $1,563.

ELuxury announced this month that the site would be redeveloped as ‘an online destination for stylish editorial content’ that the company would unveil later this year. Launched in 2000, ELuxury features apparel, accessories and beauty products from some of the world’s most elite designers.

-- Andrea Chang