On Saturday, the designer posted a photo on Instagram of herself and her boyfriend Pierre-Yves Roussel
Credit: John Parra/Getty

Happy New Year, indeed.

49-year-old fashion designer Tory Burch rang in the holiday with some big news – she got engaged to her boyfriend of one-and-a-half years, Pierre-Yves Roussel.

“We are tying the knot #blessed #engaged #happynewyear,” Burch captioned an Instagram photo of herself and Roussel arm-and-arm, though no ring is visible.

Burch, whose beloved fashion label launched in 2004, has reportedly been dating Roussel, 50, since the summer of 2014. The groom-to-be is the CEO of LVMH Fashion Group, which owns luxury brands like Louis Vuitton, Marc Jacobs and Givenchy.

This will be Burch’s third marriage as she was previously married to real-estate tycoon Harry B. Macklowe and C. Wonder fashion label owner J. Christopher Burch, whom she divorced in 2006 but continued to use his last name.