spin sth off
phrasal verb with spin verb uk/spɪn/ usspinning | spun | spun | UK also span
(UK also spin sth out) COMMERCE, MARKETING, MANAGEMENT
to separate part of a company so that it becomes an independent business:
The company plans to spin off its shipbuilding unit by the end of the year.
spin sth off from/of sth Schacht was the company's first CEO when it was spun off from AT&T.
CSR was spun out of Cambridge Consultants.
spin sth off into sth Management's solution was to spin off five of their brands into five companies.
See also
spin-off