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Why brands are making long-term bets on women’s golf at Augusta

Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
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Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
Down Arrow Button Icon
April 8, 2026, 12:53 PM ET
Maria Jose Marin of Colombia reacts on the 18th hole green after winning the Augusta National Women's Amateur at Augusta National Golf Club.
Maria Jose Marin of Colombia reacts on the 18th hole green after winning the Augusta National Women's Amateur at Augusta National Golf Club. Hector Vivas/Getty Images

This past weekend, thousands of spectators arrived in Augusta, Georgia for a once-in-a-lifetime experience. They descended on Augusta National Golf Club, the uber-elite course that is home to the Masters. They locked their phones away for the day to comply with the course’s strict rules, ate $1.50 pimento cheese sandwiches, and lined up for hours to purchase Masters merch from the club’s stores. And they watched women’s golf.

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Seven years ago, Augusta National launched the Augusta National Women’s Amateur, or ANWA. It’s a three-day tournament of the world’s top amateur female golfers that culminates in a final round on the course. The splash that Augusta devotes to the event, which takes place just before the Masters, is remarkable when you consider its history. For decades, the club was known for its exclusion of female members. (It would change its policy “at the point of a bayonet,” the club’s former chairman once said.) It was only in 2012 that Condoleezza Rice and Darla Moore were admitted as its first.

Throughout Augusta’s long catch-up with modernity, the Masters’ sponsors have played a role in pushing the club forward. Ginni Rometty’s appointment as CEO of IBM in 2012 helped reignite a debate about women and Augusta; IBM was a major Masters sponsor and her predecessors as CEO had all been invited to be members.

Today, Mercedes-Benz is among the sponsors ensuring that ANWA gets a spotlight comparable to the Masters’. I was in Augusta this weekend with Mercedes-Benz CMO Melody Lee, who every year invites a group of female executives to join her for ANWA weekend. Mercedes-Benz has been sponsoring the Masters for almost 20 years; the 140-year-old automaker came on as an inaugural sponsor of ANWA seven years ago. “You can’t afford to follow just trends and buzz and experiment lightly when you’ve got a brand to take care of for 140 years,” Lee says. And yet Mercedes-Benz was excited to sponsor a brand-new property in 2019—to some brands, maybe a risk. “It’s really important to have long-term partnerships in which we build equity in the sport. You need leadership in the sport. And you need brands to underwrite it as well.” AT&T, Bank of America, IBM, and Rolex are ANWA’s other presenting partners.

Seven years in, the impact of that investment was clear. Sure, some fans probably attended for the chance to see Augusta in person. But most were devotedly watching the field of amateurs compete. The night before the final round, we got to hear from Carla Bernat Escuder, a 22-year-old Spanish golfer who won last year’s tournament. She said she heard from 2025 Masters champion Rory McIlroy, comparing the putts they both sank to win that year. This year, 19-year-old Maria Jose Marin won the tournament.

Augusta still doesn’t have a tournament for female pros, so the amateur is the main event for women’s golf. Augusta’s reasoning was that running an amateur tournament helps grow the game and support the next generation of female golfers, and the club has a long history of supporting amateurs. ANWA is a unique amateur tournament for young female golfers—rising male golfers really don’t have anything like it.

While I haven’t been to the Masters itself, it’s hard to imagine a crowd more excited than what I saw this weekend. And it wasn’t just for Augusta. It was for an amazing field of female golfers who are hopefully just at the beginning of other opportunities like this throughout their careers as their sport grows.

Emma Hinchliffe
emma.hinchliffe@fortune.com

The Most Powerful Women Daily newsletter is Fortune’s daily briefing for and about the women leading the business world. Subscribe here.

ALSO IN THE HEADLINES

A few lucky brands got shoutouts on the Artemis II mission. At one point, astronaut Christina Koch was heard searching for her hand lotion. "I’m looking for a specific community hygiene item that is Honest lotion," she said. Honest Company founder Jessica Alba made a video reacting to the moment. "Anyone out there who has any dreams of anything, just go after it, because you never know. I mean, your products can be in space," she said. 

The Final Four drama comes to a close. Coaches Dawn Staley and Geno Auriemma spoke again after Auriemma lashed out at Staley over a missed handshake, and Staley is asking to "turn the page." "One moment doesn’t define a career, and it doesn’t change the impact he’s had on growing women’s basketball," she said. 

Oracle gets a new CFO for the AI era. AI infrastructure businesses need CFOs who can not just act as financial stewards, but can manage trade-offs of capital-intensive investment in AI. My colleague Sheryl Estrada (author of the Fortune newsletter CFO Daily) digs into the story of new Oracle CFO Hilary Maxson, who started her role this week. "We found a financial leader who matches our culture of strong financial and operational discipline and has experience scaling capital-intensive global organizations," Oracle's co-CEO Clay Magouyrk says. 

Babylist keeps getting IPO-ready. The baby registry founded by Natalie Gordon and nearing $1 billion in sales just hired Jill Cress of H&R Block as its first CMO. The company is well-known among the young, first-time parents who use its service but is looking to increase its visibility with a broader consumer base ahead of a public listing.

ON MY RADAR

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PARTING WORDS

"The opposite of patriarchy isn’t where women are doing the same thing to men that men are doing to us. It is a much gentler, kinder world where it is not treating men the way that they have treated us." 

— Singer-songwriter Sofia Isella, who blew up on TikTok writing songs about the "gore of womanhood" 

This is the web version of MPW Daily, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.
About the Author
Emma Hinchliffe
By Emma HinchliffeMost Powerful Women Editor
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Emma Hinchliffe is Fortune’s Most Powerful Women editor, overseeing editorial for the longstanding franchise. As a senior writer at Fortune, Emma has covered women in business and gender-lens news across business, politics, and culture. She is the lead author of the Most Powerful Women Daily newsletter (formerly the Broadsheet), Fortune’s daily missive for and about the women leading the business world.

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