By StyleWatch
Updated December 04, 2009 04:00 PM

Ian West/PA Photos/Landov

As the face of Chanel’s Coco Cocoon collection, Lily Allen knows what it’s like to be decked head-to-toe in designer clothes. And now the pop star is planning on bringing her luxe lifestyle to every girl. The jewelry designer sat down with London’s Radio One to announce plans to open a rental fashion store, reports British Vogue. “It’s about making fashion democratic. That’s the idea behind it,” says Lily who has partnered with her sister on this new fashion venture. The singer and her sister will start breaking ground on their plan to open “Lucy In Disguise” in March 2010. “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,” she says. Considering Karl Lagerfeld’s love for Lily, we can only imagine the fabulous fashions that will be up for grabs at Lucy In Disguise. We can’t wait! Stay tuned for more details.