• COTTON TENTS: Cotton Inc. said Thursday it has signed on as a sponsor of Mercedes-Benz Fall Fashion Week in New York. “With the shows geared toward the spring-summer season, they are a perfect vehicle for the latest fashions in cotton,” said Ira Livingston, senior vice president of consumer marketing. The promotions organization will have a booth in the Bryant Park tents during the shows and will also supply the official T-shirt of 7th on Sixth fashion week. Cotton Inc. last backed the shows in 1994, but has not been involved in recent years.

  • NIKE’S NEW SHOES: Nike sealed the deal with Converse Thursday to acquire the 95-year-old label for approximately $305 million. At this point, Nike plans to maintain Converse’s headquarters in Massachusetts. Converse’s senior management team will remain intact and now reports to Scott Olivete, vice president of Nike subsidiaries. Layoffs are not planned for Converse’s 130-person staff inthe U.S., the Nike spokeswoman said. Separately, Nike named five executives within its U.S. and world operations, including Tom Arndorfer, who will serve as vice president and chief financial officer of Nike USA. The sports giant named Jim Carter vice president and general counsel; Adam Helfant, vice president for U.S. sports marketing; John Hoke, vice president of global footwear design, and Bernie Pliska, vice president and corporate controller.

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