Sponsors lining up to ditch Lochte

Olympic swimmer Ryan Lochte lost four sponsorship deals on Monday - a major financial hit for the embattled US gold medalist stemming from his spurious claim of being robbed at gunpoint in Rio - a story later discredited by Brazilian police.

Global swimwear brand Speedo and fashion label Ralph Lauren topped the list of companies that ended their relationships with the 32-year-old Lochte, with the former noting his actions had not reflected the "values" it wished to promote.

Mattress company Airweave and Syneron Candela, the parent company for a laser hair removal system that Lochte promoted, quickly followed suit.