Clements Ribeiro

No – I am not talking about the Facebook IPO (though everyone else seems to be; poor Graff, planning their own listing in HK and valued at a notable $3-4billion, is being totally overshadowed). I’m talking about a new, otherwise unexploited, area of dressing with potentially enormous returns. What is this mystery space? Larger size dressing.  

Adele in Giorgio Armani at the Grammy Awards (AP)

The perils of betting on celebrity dressing were potently illustrated at the Grammy awards. The night’s superstar, Adele, wore — wait for it — Giorgio Armani to accept her six gongs, before changing into Clements Ribeiro for her performance and Burberry for her finale.

I say “perils” because yesterday, as I made the rounds of New York Fashion Week, I heard two separate design camps claim she would be wearing them.

The first time was at the Zac Posen show, when an insider mentioned that, fingers crossed, Adele was going to be wearing one of their dresses. It wasn’t 100 per cent sure, she said, but it looked good.

Posen is a red-carpet favourite, and both Reese Witherspoon and Elle MacPherson wore him to the Golden Globes last month, so this seemed plausibe.