Ryan Lochte is losing all his endorsements after he admitted to making up a story about being robbed at gunpoint while at the 2016 Olympics.
Speedo USA and Japanese mattress maker Airweave said Monday that they were ending their partnership with the embattled U.S. swimmer. Ralph Lauren also said it would not renew his contract.
A subsidiary of U.K.-based Pentland Brands Limited, Speedo announced it would donate a $50,000 portion of Lochte’s pay to a charity that works with poor children in Brazil. Lochte, 32, had been with the company for over a decade. Speedo also sponsors USA Swimming.
“We cannot condone behavior that is counter to the values this brand has long stood for,” Speedo said in a statement. “We appreciate his many achievements and hope he moves forward and learns from this experience.”
Ryan Lochte Losing All His Sponsors After Rio Robbery Lie
