Courtney Love arrives for the WarChild COldplay/Killers concert afor The 2009 Brit Awards held at the Shepherds Bush Empire. London, England - 18.02.09

The former Hole frontwoman has teamed up with legendary photographer David LaChapelle, who will provide financial backing.

And the pair has already found a location for the shop on Los Angeles' Sunset Boulevard, according to British newspaper the Sunday Mirror.

A source tells the publication, "They plan to launch it in the summer with a big party."

Source: WENN