MONTREAL (CP) - In the fashion business, speed thrills. 
 Le Chateau is putting its versions of the winning Oscar dresses from the Academy
 Awards on the racks in selected stores. 
 The designs include those worn by Cameron Diaz, Salma Hayak, Cate Blanchett and
 Tyra Banks. 
 "We drew inspiration from them," said Barbara Posiewko, a senior buyer for the
 Montreal-based chain. 
 "We had a meeting before the Oscars. We thought a lot of girls would like to look like
 stars," she added, referring to the coming season of proms and weddings. 
 Banks wore a lavender ballgown with lots of tulle designed by Vera Wang. Hayek's
 satin halter dress was also by Wang, while Diaz was in a plunging black Versace and
 Blanchett wore black Jean Paul Gaultier with a gold chain down the middle of her bare
 back. 
 Everyone always gets inspiration from somewhere, said Hershel Segal, CEO of Le
 Chateau, the chain of shops he founded in 1959 which now has 160 stores, including
 four in the U.S. 
 "We are always connected to the entertainment world, the music world." 
 But the company has never put as much energy, weight and speed into getting
 something into the stores, he said. 
 Le Chateau manufactures three million garments a year in Quebec, said Segal, so if
 the company wants to get something on the market fast, it has the ways and
 means. 
 The Academy Awards aired March 26, and Le Chateau had samples sewn up not long
 after. The dresses are expected on the racks any day, but some may take longer to
 hit stores, such as the dress worn by Banks, because Le Chateau is waiting for fabric
 in the right shade of lavender. 
 Banks's dress, with a full crinoline, will retail for about $300, while the other dresses
 will cost from $80 to $150. 
 Hayek's gown, with a rhinestone bodice, is a deeper lavender than the original and
 has a purple tulle shawl, while Diaz's dress was done in lace with a bra and hot
 pants. Blanchett's gown is minus the gold chain down the back. 
 The speed of the design cycle is dizzying these days. 
 "It's going faster and faster," said Segal, "because of our smaller world, independent
 customers and sharper retailers." 
 Franco Rocchi, vice-president of the company, said a team of 20 designers and
 buyers turns out about three "stories" a month, meaning collections with a common
 theme in colour, fabric or feeling. As soon as something is brewing on the runways or
 in the entertainment world, they get to work. 
 The U.S. company A.B.S. has been copying outfits from events like the Oscars for
 years, and Canada's Club Monaco is famous for knocking off runway looks from
 fashion houses like Prada, but this is a Canadian first in bringing a specific dress to
 market so quickly, said Rocchi. 
 "Fast fashion is here," said Rocchi, referring to the team working at company
 headquarters in Montreal.