Fall Out Boy's Pete Wentz is opening a punk-themed beauty parlour.The bassist is planning to launch a unisex hairdressers called The Clandestine Industries Salon in his hometown of Chicago.Ben Mollin, from US reality TV show 'Shear Genius', will be the head stylist at the parlour.The Clandestine Industries Salon is already taking bookings and is expected to open for business in late April.This isn't the first time Wentz has branched out beyond the music industry.He has his own fashion line - Clandestine Industries Clothing - and opened the Angels and Kings bar, in New York, last April with friends Gym Class Heroes lead singer Travis McCoy and Yellow Fever clothing designer Jamison Ernest.Meanwhile, Wentz has fuelled reports he is planning to propose to his long-term girlfriend Ashlee Simpson after she was spotted sporting a diamond band on her ring finger.

However, Ashlee was quick to dismiss wedding rumours, insisting: "It's a promise ring!"