Salma Hayek is engaged to businessman boyfriend François-Henri Pinault and she’s pregnant.

“Businessman, François-Henri Pinault, and his fiancée, Salma Hayek, are happy to announce they are expecting the arrival of their first child,” Hayek’s rep confirmed in a statement Friday.  

The pair have kept a relatively low profile since their relationship began – though Hayek, 40, has joined Pinault for occasional public events, including one in April at the festivities surrounding the inauguration of the Pinault Foundation’s Modern Art collection in Venice’s Gritti Palace.

Pinault, 44, is the CEO of luxury goods firm PPR, which owns Gucci and Yves Saint Laurent, as well as a French department store and national music chain. His father, François, is an avid art collector owning more than 2,500 valuable pieces, including Picassos, Miros and work by contemporary artitsts including Damien Hirst. Familiar on both European and American fashion and art circuits, the family fortune is estimated in excess of $7 billion.