U.S. Olympic swimmer Ryan Lochte has now been dropped by all of his sponsors. After Speedo and Ralph Lauren severed their ties with the beleaguered Olympian this morning, his two other sponsors followed suit.
USA Today reports: “Syneron-Candela, the parent company of Gentle Hair Removal, where Lochte served as a spokesperson, confirmed to USA Today Sports that it had cut Lochte loose. And, late Monday, airweave, a mattress company, said it had ‘ended its partnership’ with Lochte.”
In a statement, Syneron-Candela said: “We hold our employees to high standards, and we expect the same of our business partners. We wish Ryan well on his future endeavors and thank him for the time he spent supporting our brand.”
The moves come in the wake of the controversy triggered by Lochte’s false statements about being robbed at gunpoint in Rio. Lochte has apologized for the incident, which gave a black eye to Team USA in the final days of the Rio Games.
Speedo noted that it will donate part of Lochte’s $50,000 fee to the global charity Save The Children.