shut verb - definition in the Business English Dictionary - Cambridge Dictionaries Online

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shut

verb [I or T]
 
 
/ʃʌt/ (shutting, shut, shut)
UK COMMERCE, WORKPLACE if a store, restaurant, or public place shuts or someone shuts it, it stops being open for business at the end of the day, week, etc.: The shops shut at 7 on Friday.
COMMERCE if a business shuts or is shut, it stops operating permanently: When tougher controls force these dumps to shut, their operators will vanish. The older plant will be shut down soon.
shut up shop UK informal to stop operating a business either temporarily or permanently: Last weekend the greengrocer shut up shop and others are likely to follow. In contrast to other national institutions that are shutting up shop for Christmas, nobody knows when - if ever - it will re-open.
(Definition of shut verb from the Cambridge Business English Dictionary © Cambridge University Press)
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