Athleta, Visa and other Simone Biles sponsors offer support after she withdraws from Olympic events

The 24-year-old champion cited mental health concerns as the reason for her earlier withdrawal from Tuesday’s team competition during interviews with reporters in Tokyo. Biles may still compete in next week’s individual event finals.Athleta chief brand officer Kyle Andrew said the sports apparel company stands by Biles and supports her well being “both in and out of competition.” Biles signed an endorsement contract with Athleta earlier this year after ending her contract with Nike.

“Being the best also means knowing how to take care of yourself,” Andrew told CNN Business via email on Wednesday. “We are inspired by her leadership today and are behind her every step of the way.”

On Tuesday, Biles said she was going to take the rest of the Olympics “one day at a time” as she looks to add to her haul of four gold medals won at the 2016 Rio Olympics.

Visa (V), another athlete sponsor, recognizes Biles’ “incredibly brave decision,” said senior vice president…

Read more…