Akademik

shut up shop
phrasal
: to cease or suspend an operation or activity

the committee decided to shut up shop, at least for the present — Atlantic

even the city's criminals seem to have shut up shop for the occasion — S.E.Hyman

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see shop

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shut up ˈshop idiom
(BrE, informal) to close a business permanently or to stop working for the day
Main entry:shutidiom

Useful english dictionary. 2012.