British pop star Lily Allen announced that she will be taking a few years off from music and plans to start a record label for new artists. While on her career break, Allen also plans to enter the fashion world by setting up a fashion shop called “Lucy In Disguises” with her sister which will allow people to get “really nice clothes” by renting them from the store.

“It’s about making fashion democratic,” she said. “That’s the idea behind it. It’s about getting really nice clothes but letting people rent them for affordable prices so they can go out and feel like a million dollars and it won’t cost them a million dollars.”

Allen also told the BBC that she also wanted to “spend some time in the home I’ve built for myself”. While speaking to Radio 1, she said that she is in the early stages of attempting to sign artists up to her new label.

“I’m going to get into signing new bands but at a really early level,” she explained. “I don’t want to compete with other record companies but I want to support new artists.”

This comes days after she spoke to Observer Music Monthly, and said that she was undecided whether or not she would want to record another album. Her last scheduled concert is in March at the O2 Arena in London. After that, Allen is distancing herself from the music world. She also breifly touched on the subject of her Twitter and Myspace, saying that she’s “stopped everything” and she doesn’t have a computer or a blackberry. She says she “don’t do emails or anything now.” How you expect to set up a record label and fashion boutique without emails, a phone, and even Twitter or Myspace is beyond me, though. I’m sensing a huge fail down the road.

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[BBC]