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PACIOTTI & PARSONS: Cesare Paciotti, who will be in New York this week for the reopening Thursday of his renovated Madison Avenue boutique, is adding “mentor” to his résumé: The Italy-based accessories designer is launching a competition on Wednesday at Parsons The New School for Design in which four accessories design students will be selected to have their senior thesis collections, which consist of shoes and handbags, manufactured by Paciotti’s company in Civitanova Marche, Italy. Each of the four selected winners will have five pairs of shoes and three handbags produced in the factory. The collaboration came about after Simon Collins, dean of fashion at Parsons, learned of Paciotti’s longtime affiliation with the European fashion school Istituto Europeo di Design, whose students’ samples Paciotti produces in his factory. The designer, in fact, was looking to collaborate with an American school, said Collins, who was eager for students to have “the rare opportunity to learn the art of Italian shoe design from one of its masters, particularly since accessory design is such a hot field for a number of our graduating students.” The designer has upped the ante by offering a distribution deal to one grand prize-winning student, who will spend his or her January winter break at Paciotti’s workshop, overseeing the production of a shoe design — to be called the Cesare Paciotti/Parsons shoe — that will be sold worldwide in Cesare Paciotti boutiques in September.