"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 news, first reported by New York Daily News columnist Ben Widdicombe (via gossip site Perez Hilton), comes just days after a photo of Hayek made the Web rounds prompting speculation that she was expecting.

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

Pinault 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 artistst including Damien Hirst.

source - People

No wonder he looks so smug.
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