Hive off

usgb
verb

To separate a part of a big business or department and make it a separate unit.

The company plans to hive off its retailing operations into a separate company.
Visual representation of "hive off" - To separate a part of a big business or department and make it a separate unit

Often appears as...

  • hive off a company
  • hive off a department

Usage tips

Business

Definition 1 of 2
Visual representation of "hive off"
LampPro 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.
LampPro 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.
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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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