Model Elle McPherson and partner splitting

Australian supermodel Elle Macpherson and partner Arpad Busson announced Friday in London that they are separating.

The couple, who have two sons, said that "whilst remaining the greatest of friends, we have decided to spend some time apart to consider our future."

Macpherson, 42, and Swiss financier Busson are the parents of Flynn, 7, and 2-year-old Aurelius Cy.

Macpherson, one of the world's top-earning supermodels in the 1990s, now has her own line of lingerie, Elle Macpherson Intimates.