http://www.zerohedge.com/news/2016-08-22...on-scandal
Quote:Update: As we learned moments ago, Ryan Lochte has now lost his last two remaining sponsorships, those with Airweave and Gentle Hair Removal, meaning as of this moment, his Rio gas station "exager-gate" stint has cost him all of his future advertising endorsements.
Now if only he could find employment at the Clinton foundation...
Earlier:
Ryan Lochte's drunken night out with his fellow US olympic team swimmers, culminating with a fabricated explanation of what happened at a particular Rio gas station, may end up being the costliest "fib" in the history of the Olympics. The reason: Lochte has already lost two of his core sponsors, when first swimwear maker Speedo USA said earlier today it had decided to end its sponsorship of Ryan Lochte, two days after the U.S. Olympic gold medalist swimmer admitted to exaggerating his story about being robbed at gunpoint in Rio de Janeiro, followed promptly by luxury retailer Ralph Lauren Corp, which also said it would not be renewing its contract with the swimmer.
Speedo USA said it would donate $50,000 of Lochte's fee to Save The Children, a global charity partner of Speedo USA's parent company. "We cannot condone behavior that is counter to the values this brand has long stood for," Nottingham, UK-based Speedo's U.S. unit said in a statement on Monday.