Speedo drops sponsorship of Olympian Ryan Lochte
NEW YORK -- Speedo is the first major company to drop its sponsorship of swimmer Ryan Lochte. The swimsuit maker owned by PVH in New York says that it doesn't condone behavior that is counter to its values. Lochte fabricated a tale that he was robbed at gunpoint in Rio de Janeiro during the Olympics. He later apologized.
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