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English definition of “close (sth) down”

close (sth) down

phrasal verb with close     /kləʊz/ verb
if a business or organization closes down or someone closes it down, it stops operating: The local factory closed down in June. A spokesperson denied that they had bought the company in order to close it down.
(Definition of close (sth) down from the Cambridge Business English Dictionary © Cambridge University Press)
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