📺 Stream EntrepreneurTV for Free 📺

Tory Burch and Marc Jacobs Boss to Wed Union of power players may be the first of its kind in the fashion world.

By Laura Entis

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Tory Burch | Instagram
Tory Burch and Pierre-Yves Roussel.

An upcoming merger has the fashion world abuzz.

Fashion designer Tory Burch announced yesterday on Instagram that she is engaged to Pierre-Yves Roussel, the CEO of LVMH Fashion Group.

The wedding will unite two fashion power players. Burch is the CEO of her eponymous billion-dollar fashion line. Meanwhile, Roussel heads a fashion group that includes brands such as Emilio Pucci, Céline, Donna Karan and Marc Jacobs.

"As far as I can tell, this is the first time power players atop two different empires have bridged the gap," the New York Times' Vanessa Friedman wrote of the engagement.

In her Instagram post announcing the news, Burch wrote: "We are tying the knot...#blessed #engaged #happynewyear."

Related: Fashion Designer Tory Burch: 'There Is No Such Thing as Overnight Success'

This is Burch's third marriage. Her second marriage, to Christopher Burch, ended on colorful terms. The pair co-founded Tory Burch together, and shortly after the divorce Christopher founded the now-shuttered C. Wonder. From its opening, the clothing chain -- with its patterned clothes, home goods and jewelry -- raised eyebrows. Many fashion insiders considered the brand a direct knockoff of Tory Burch's more expensive clothing line.

But Burch has clearly moved on. Fashion blogs are already speculating what Burch will wear on her big day. Considering she has an array of high-end fashion lines -- plus her own line -- at her disposal, our guess is she dons more than one gown.

#blessed, indeed.

Related: How Longchamp Turned the Basic Nylon Tote Into a Full-Blown Luxury Icon

Laura Entis is a reporter for Fortune.com's Venture section.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Leadership

I Went on a Retreat to Reignite My Entrepreneurial Passion. Here's What I Learned That Will Forever Change The Way I Lead.

An international adventure could be exactly what you need to achieve your entrepreneurial goals.

Leadership

How to Turn Workplace Conflict into a Strategic Advantage

Conflict is present in all organizations and takes numerous forms. Here's how organizations can harness conflict to create better outcomes and healthy conflict management cultures.

Side Hustle

3 Secrets to Starting a Small Business Side Hustle That Gives Your Day Job a Run for Its Money, According to People Who Did Just That — and Made Millions

Almost anyone can start a side hustle — but only those ready to level up can use it to out-earn their 9-5s.

Business News

Logan Paul's Energy Drink Company Accused of 'Forever Chemicals,' Excessive Caffeine in Class-Action Lawsuits

Prime Hydration is facing two class-action lawsuits. Paul says the suits are "absolute bull."

Money & Finance

How to Choose the Right Financial Advisor — A Guide for Entrepreneurs

Use this guide to select a financial advisor who not only understands your unique financial needs but also has the expertise, experience and connections to support your business and personal goals effectively.

Business Ideas

Clinton Sparks Podcast: Shaquille O'Neal's Journey from NBA Superstar to Entrepreneur

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.