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New York

Nautica founder buys at 15 CPW

David Chu, the founder of New York-based apparel company Nautica Enterprises, paid $2.94 million for a two-bedroom condominium at 15 Central Park West.

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Chu, who started the clothing and lifestyle firm in 1983, closed on the 1,603-square-foot unit on August 15, according to property records published today.

Nautica was bought in 2003 by Manhattan-based VF Corporation, a international clothing company. Chu, who remained CEO after the purchase, left the combined company in 2004.