"We are so proud of what we have accomplished with Current/Elliott," the two said in a statement, declining to offer an explanation for their departure. "Parting ways has been a difficult decision, but we are thrilled for our next chapter in design and to perpetuate our whimsical Americana aesthetic across multiple categories."
The two will still work together as stylists and consultants, and have a few future design projects lined up.
If three instances of the same occurrence makes a trend, 2012 was a trendy year for designers to leave the brands they founded. Simon Spurr left his eponymous menswear line without explanation in March, and Doo-Ri Chung left her award-winning label Doo.Ri in June.