Used when a business stops operating, especially permanently due to problems. The small bakery on the corner finally put down the shutters after years of dwindling sales.
Pro Tip 2/3
End of Process
Applied when a specific operation or business process is concluded, not necessarily the entire business. After the holiday season, the factory brought down the shutters on the seasonal production line.
Pro Tip 3/3
Metaphorical Use
Often used metaphorically to describe the end of an activity or initiative. The outreach program had to bring down the shutters due to lack of funding.