Kris Jenner & Bruce Jenner Finally SEPARATED

Here's how TMZ is reporting it:
Kris and Bruce Jenner have separated.
The couple issued a statement saying, "We are living separately and we are much happier this way."

Sources connected with the family tell TMZ ... Bruce has been living in Malibu full-time and spending a lot of time with his sons Brody and Brandon. Kris is firmly planted in Calabasas with her daughters.

We're told Bruce has privately told his sons living away from Kris was just the way the relationship evolved.
In their statement, they say they will continue to have love and respect for each other.
It's unclear how the split will impact their reality show.

Sources say Bruce and Kris have been separated since June and they are reiterating what we are told from others -- that there is no plan to divorce.

Sources connected to Kris and Bruce tell TMZ ... Kris -- who is the moving force in the separation -- has NOT contacted a divorce lawyer. We're told as of now she's fine with the status quo. Fact is ... they've been separated for awhile, and Kris and Bruce don't want to screw up their reality show ... which is raking in $40 mil for the family.