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Speedo, Ralph Lauren drop sponsorship of US swimmer Ryan Lochte

The swimwear manufacturer Speedo and fashion label Ralph Lauren are dropping their sponsorship of the disgraced US Olympic swimmer Ryan Lochte. 
     
The companies made their announcements after Lochte lied about being robbed at gunpoint by a policeman after a night out during the Rio Olympics.
     
Ralph Lauren, which has removed some of Lochte's images from its website, said its sponsorship had been only for the Rio Olympics and would not be renewed. 
     
The contract with Speedo reportedly expires this year after 10 years. 
     
Speedo said it would donate a US$50,000 portion of Lochte's sponsorship fee to the charity Save The Children's Brazilian operation.


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