Sentence examples for wind down business from inspiring English sources
The phrase "wind down business" is correct and can be used in written English
It means to gradually cease or reduce business operations. Example: The company announced that they would wind down business over the next year, citing financial difficulties.
The decision to wind down business was announced in a statement on their website, which explained that it had "decided to begin the process of dissolution".
For example, in the wake of the bankruptcies of Tower Automotive and Delphi, several auto-parts manufacturers wound down businesses that catered exclusively to automakers.
In an interview this year with the Financial Times, Jackson, the former head of Deutsche Bank's consumer and retail practice, insisted its strategy was not to make money from winding down businesses.
But he has been working there in recent weeks to help wind down the business.
2.58pm: Quick says his wife "had no altermative but to wind down the business".
The company agreed to wind down its business over the next six or seven years under the supervision of the state Department of Banking and Insurance.
Several of Germany's largest companies have announced in recent months that they will wind down their business dealings with Iran.
"G.M. will now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly and responsible manner".
Still, HSBC said it would take time to wind down the business, and it remained cautious about the American housing market.
However, 18 months later, his father suffered a disabling stroke while living in Paris, and Benacerraf relocated there to wind down his business affairs.
PLEA DEAL COULD END SAC'S ADVISORY BUSINESS | The hedge fund SAC Capital Advisors is moving closer to a plea deal with prosecutors that would force it to wind down its business of managing money for outside investors, Ben Protess and Peter Lattman report in DealBook.
