Lily has confirmed that she will take “one or two years off from recording and performing music” to concentrate on acting and fashion.
She will be launching a fashion rental store, called Lucy In Disguise, in London with her sister, Sarah.

“It’s about making fashion democratic,” she explained. “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.”
It won’t be the first time that Lily has dabbled in fashion – the singer designed a collection for New Look in 2007.

Lily also added that a record label she is planning to launch will focus on new acts.
“I’m going to get into signing new bands, but at a really early level.”
“I don’t want to compete with other record companies, but I want to support new artists.”
Back in September, Lily announced she would not be renewing her record contract, but at the time her spokesperson denied that she was quitting music.