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Ryan Lochte Loses Last Two Major Sponsors Following Rio Olympics Scandal!

| Filed under: Business BlitzRalph LaurenRyan LochteOlympicsControversyScandal

More bad news for Ryan Lochte.

Ryan Lochte's brand has taken a huge hit since his Rio Olympics scandal!

The swimmer received a lot of backlash for "exaggerating" a story of being robbed at gunpoint during this year's games, leaving him with two less sponsors.

Now, the number has doubled.

Following Speedo and Ralph Lauren's lead, both Airweave, a Japanese mattress company, and Gentle Hair Removal have decided to drop the disgraced Olympian.

Related: Ryan Responds To Speedo's Decision!

Despite the CEO of Airweave, Motokuni Takaoka, previously saying they would stand by the 32-year-old, in a statement made on Monday the brand announced:

Yikes.

And Syneron-Candela, Gentle Hair Removal's parent company, echoed similar sentiments with their statement:

Sadly for Ryan, all four companies were his major sponsors.

It will be interesting to find out if he can recover from this scandal down the road.

What do U think???

[Image via Instagram.]

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