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Hive off

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LampPro Tip 1/3
Business RestructuringPlay
Used when a company reorganizes its structure for strategic reasons. SlideThe board decided to hive off the manufacturing division to streamline operations.
LampPro Tip 2/3
Creating SubsidiariesPlay
Often involves turning a part of a company into a new, separate business. SlideTo focus on core activities, they hived off the tech department as a subsidiary.
LampPro Tip 3/3
Financial StrategyPlay
Can be used to describe financial tactics like reducing debt or raising capital. SlideTo reduce debt, the conglomerate hived off several of its assets.