Former employees of The Knot have accused the wedding giant of defrauding investors and advertisers to land a $1 billion sale in 2018. Years later, with a possible IPO looming, Forbes found some of these troubling practices remain in place!
Justin Alexander told Forbes they had asked The Knot for an audit of the last six years of its advertising. Kleinfeld said it had not been aware of issues at the time. Macy’s, David’s Bridal, Allure and Maggie Sottero did not respond to multiple requests for comment. Chi, the CEO of The Knot Worldwide, said in his statement “Our partners are the heart of our business, and we only succeed when they succeed. It's my priority to preserve their trust while maintaining our safe and transparent work environment.”
Read the full story over at Forbes here
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