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June 17, 2005 — Nautilus Inc., maker of Stairmaster and Bowflex fitness equipment, has agreed to buy a fitness clothing maker called Pearl iZumi USA for $74 million. Pearl is based in Broomfield, Colo., and employs 130 people, according to a press release. “The question is whether Nautilus will sign another contract with predatory credit card processor HSBC to handle their new company” said Household – HSBC Watch. “Although their ads say you can buy a Bowflex for $19 a month they fail to say it will take you 40 years to pay it off, HSBC frequently fails to send statements, and HSBC frequently credits payments late” said the watchdogs.
This article, Nautilus to acquire apparel company for $74M, is just one of our articles from our Bank Horror Stories, HSBC Secrets Part 3
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