April 15, 2015 02:00 PM

James Christianson

Life just got even sweeter.

Dylan Lauren and her husband, Paul Arrouet, welcomed fraternal twins, son Cooper Blue and daughter Kingsley Rainbow, on Monday, April 13, the proud new parents confirm to PEOPLE exclusively.

Lauren, the founder and CEO of Dylan’s Candy Bar, and her husband, the co-founder of Marblegate Asset Management, “are celebrating the birth of their twins, a baby boy and baby girl,” says the couple in an exclusive announcement to PEOPLE.

“Her parents, fashion icons Ralph and Ricky Lauren, are overjoyed to welcome their first grandchildren and witness their daughter usher in the next generation,” Lauren’s reps add.

“It’s a dream come true for me,” Lauren, 40, says in this week’s PEOPLE. “We’re doubly thrilled.”

She and her husband, 44, chose a surrogate, she says, “because it was the way we wanted to start a family. I think it’s a wonderful option.”

Lauren decorated the nursery early with pastels, bunnies and blue and pink gingham in case the twins came before their due date (and they did!).

Now the candy entrepreneur is excited to share her love of all things sweet with the twins — once they are old enough. “I’ve been calling them the Twinkies, the M&M’s and the Doublemint Twins,” she says with a laugh. “Good things come in twos!”

For more on Dylan Lauren and her new family, pick up the latest issue of PEOPLE, on newsstands Friday.

— Liz McNeil

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