Three companies end Ryan Lochte endorsement deals

August 22, 2016 6:50 PM

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Three companies on Monday announced they would end their sponsorship deals with U.S. Olympic swimmer Ryan Lochte, bringing a sudden stop to contracts worth an estimated $1 million in the wake of his scandal in Rio de Janeiro.

Syneron-Candela, owner of Gentle Laser Hair Removal, released a statement saying the company wound end its partnership with the athlete, adding, "We hold our employees to high standards, and we expect the same of our business partners."

Also read: Amazon, Apple End Exclusivity Deals for Audiobooks World-Wide

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