Maria Sharapova of Russia hits a return against Madison Keys of USA at the Maria Sharapova and Friends tennis exhibition at UCLA on December 12, 2015 in Los Angeles, California. Kevork Djansezian/Getty Images for TAG Heuer/AFP
Swiss watchmaker TAG Heuer said Tuesday it would not renew its marketing contract with Maria Sharapova after the Russian tennis star announced she had failed a doping test at the Australian Open.
“Maria Sharapova was under contract with TAG Heuer until December 31th, 2015. We had been in talks to extend our collaboration,” a company statement said.
READ: Nike suspending ties with Sharapova—official
“In view of the current situation, the Swiss watch brand has suspended negotiations and has decided not to renew the contract with Ms Sharapova.”
The five-time Grand Slam winner had a 12-year relationship with TAG Heuer, a company spokesperson told AFP in an email.
READ: Doping now shadows Sharapova’s rags-to-riches story
The announcement came hours after a similar move by US sportswear giant Nike, which said it was “saddened and surprised” by the Russian’s announcement and was suspending its contract.
Sharapova announced Monday that she had tested positive for Meldonium, a drug she said she had been taking since 2006 but was only added to the banned list this year.