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"has closed down" is a correct and usable phrase in written English.
It is commonly used to indicate that a business, organization, or establishment has ceased operations permanently. Example: "Unfortunately, the local bookstore has closed down due to a decrease in customers and the rise of online shopping."
Exact(59)
The pub has closed down.
Even Sweden has closed down its embassy in Belgium.
Mr Berisha has closed down democracy and the press.
The government has closed down the banks, schools, offices.
Even the baked beans factory has closed down.
9.07pm: Wall Street has closed down 142.91 points.
In Portugal the PSI20 has closed down 2%.
In Serbia President Milosevic has closed down the independent media.
"The gap has closed down a little bit.
He has closed down his development office in Antigua.
Unfortunately, the brain area that governs gaffes has closed down, too.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com