Used when a company reorganizes its structure for strategic reasons. 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. 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. To reduce debt, the conglomerate hived off several of its assets.