Tom Ford says that he will release a womenswear collection when he finds the time and money.

The former Gucci and YSL designer is keen to have a female range, but admits he is waiting for the appropriate funding: “Financing is extremely expensive right now, so if we find financing in the right situation we’ll be able to start a women’s collection soon. If we don’t, we may have to wait a while. You know it will take me 18 months when I start, because I have to hire the team, find the factories, put everything together and then get the stores ready so there’s a place for these clothes.”

The 48-year-old also revealed sales of his menswear collection are doing very well: “Things are getting better every day in most places. So I’m optimistic and this is something that I plan on doing for the next 30 years of my life, so if I have to wait another six months or a year (to launch women’s) it’s ok.”