Salma Hayek and her fiance have called off their engagement. The 'Frida' actress and French billionaire Francois-Henri Pinault - who have a 10-month-old daughter Valentina Paloma together - were reportedly set to marry later this year, but their spokesperson confirms the plans have now been "cancelled". The representative said: "We are sad to announce the engagement of Salma Hayek and Francois-Henri Pinault has been cancelled. There will be no further comment." Salma - who met Francois-Henri in Venice in May 2006 - revealed earlier this year she didn't see the importance of getting married, and instead wanted to celebrate their relationship with a huge party for friends and family. She said: "I don't have a need for marriage. You want to grow old with someone, you want to have a partner and to have children - we have all those things. Some people need the commitment. Maybe we'll just have the party!" In the interview, Salma also insisted the couple were happy with their relationship and could cope with Francois-Henri living in Paris, France, while Salma stays with Valentina in Los Angeles. She added: "To most women it's crazy. But every relationship is unique, and in order to make it work you have to be willing to listen - not only to your partner, but to the relationship itself. "You have to be brave enough to say, 'This is who we are. We might not look like the perfect couple, or like our parents did, but this is our love story.' "