Tell you the winner will be the favourite: "Ladies' Wear" (6)
I believe the answer is:
tippet
'wear' is the definition.
(tippet is a kind of wear)
I cannot understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for tippet that I've seen before include "Gratuity and dear one make an old sort of cape" , "Woman's fur shoulder-wrap" , "Gratuity to a dear one to find a cape" , "Cape for neck and shoulder" , "Small collar of fur with ends hanging in front" .)