Breaking News: Devi Kroell is Out at Devi Kroell

The accessories pioneer leaves her own company.
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The accessories pioneer leaves her own company.
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WWD reports that Devi Kroell--she of the snakeskin handbags and shoes--is leaving her own company, which she founded in 2004.

The news comes just a few months after the Bartel family--known for big investments in labels like Lanvin--bought a significant stake in Kroell's company.

Kroell will remain a shareholder and board member, but she'll no longer be involved with the day-to-day business.

While we don't have insider information on this one, we tend to think that the Bartel investment and Kroell's departure are connected. It's too bad--not only is Kroell a talent, she's also the face of the brand.