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The couple, who welcomed their first daughter, Valentina Paloma, last September, met in Venice in May 2006 and announced their engagement in March of 2007.
"We are sad to announce the engagement of Salma Hayek and Francois-Henri Pinault has been canceled," Hayek's rep said in a statement. "There will be no further comment."
JOSH & FERGIE: ROCKED BY SCANDAL
Did he cheat with a stripper?
Married less than a year, the couple denies an Atlanta woman’s claims that she and Josh had a fling
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