Hive off

Definition 1 of 2

Pro Tip 1/3

Business Restructuring

Used when a company reorganizes its structure for strategic reasons.

Illustration for Business Restructuring

The board decided to hive off the manufacturing division to streamline operations.

Pro Tip 2/3

Creating Subsidiaries

Often involves turning a part of a company into a new, separate business.

Illustration for Creating Subsidiaries

To focus on core activities, they hived off the tech department as a subsidiary.

Pro Tip 3/3

Financial Strategy

Can be used to describe financial tactics like reducing debt or raising capital.

Illustration for Financial Strategy

To reduce debt, the conglomerate hived off several of its assets.

Visual representation of the word "Hive off"

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