“Ralph Lauren continues to proudly sponsor the U.S. Olympic and Paralympic Team and the values that its athletes embody,” the company said in a statement. “Ralph Lauren’s endorsement agreement with Ryan Lochte was specifically in support of the Rio 2016 Olympic Games and the company will not be renewing his contract.”
UPDATE: A third brand has dropped Ryan. Gentle Hair Removal’s parent company Syneron-Candela announced it “will be ending its partnership with Ryan Lochte. 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.”
Ryan Lochte has been dropped by Speedo, one of his sponsors, following his behavior in Rio.
“While we have enjoyed a winning relationship with Ryan for over a decade and he has been an important member of the Speedo team, we cannot condone behavior that is counter to the values this brand has long stood for,” the company said in a statement (via TMZ). “We appreciate his many achievements and hope he moves forward and learns from this experience.”
Speedo will be donating $50,000 to Save the Children and the charity will use the money to support the children in Brazil.
The U.S. Olympic Committee is not too happy with Ryan Lochte.
CEO Scott Blackmun told NBC News that “further action” is coming after the 32-year-old swimmer admitted to being intoxicated and exaggerating what he called a “robbery” at a gas station during the 2016 Rio Summer Olympics.
“They let down our athletes,” Scott said. “They let down Americans.”
He added, “People are going to remember the incident, but that doesn’t define these games.”
During an interview on NBC with Matt Lauer, the 32-year-old Olympics swimmer spoke about the late-night incident involving him and three teammates at a Rio de Janiero gas station last weekend and how he “over-exaggerated” the story.
Ryan explained his situation by saying, “whether you call it a robbery or extortion or us paying just for the damages. All we know was there was a gun pointed in our direction and were demanded to give money.”
“We just wanted to get out of there,” Ryan continued. “There was a gun pointed in our direction. We were all frightened, and we wanted to get out of there as quick as possible. The only way we knew was this guy saying you have to give them money, so we gave them money and we got out.”
When he was interviewed about the situation the following day, Ryan claims he was “still intoxicated” from the night before because he “definitely had way too much to drink.”
Later on in the interview, Ryan fought back tears as he described how he felt being back in the U.S. while his teammates were detained in Brazil for further interrogations.
“I let my team down,” Ryan said. “I wanted to be there. Like, I don’t want them to think that I left and left them dry, because they were my teammates. I wanted to definitely be there, and I wanted to help out any way I could.”
“I was immature, and I made a stupid mistake,” Ryan said. “I’m human. I’ll definitely learn from this. I’m just really sorry.”
The second part of Matt Lauer‘s interview with Ryan Lochte will air Monday morning on NBC.