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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
NewslettersMPW Daily

How Bobbi Brown reinvented herself—and outperformed the brand that bears her name

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
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June 15, 2026, 10:32 AM ET
Bobbi Brown, now the founder of Jones Road, onstage at Gammaramma  during New York Tech Week.
Bobbi Brown, now the founder of Jones Road, onstage at Gammaramma during New York Tech Week. Courtesy Gammaramma
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Earlier this month, I was onstage with Bobbi Brown during New York Tech Week (at an event hosted by the AI company Gamma). We were there to talk about the makeup artist-turned-entrepreneur’s journey as a second-time founder. And just a few weeks before that, one headline had captured that path.

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In May, Puck published an article titled “How Bobbi Brown beat Bobbi Brown.” That’s how Brown (the person)—now running her brand Jones Road—beat Bobbi Brown (the brand), owned by Estée Lauder Companies.

I asked Brown how she felt reading that headline, but before I could get the question out, she made her feelings clear with a shrug: “Oops.” Brown isn’t shy about sharing the low points that came at the end of her 22-year tenure under ELC; she launched Jones Road the day her noncompete expired, four-and-a-half years after leaving the brand that had her name on it. Is it a competition? I asked her. “There is no competition,” she said, before adding a cheeky “anymore.”

Puck theorized that Jones Road has cannibalized the business that used to belong to the Bobbi Brown brand (and reports that while Bobbi Brown exits almost all U.S. department stores, Jones Road is expected to do $200 million in sales this year). Jones Road is, unsurprisingly, closer to Brown’s original vision. “[The Bobbi Brown brand] started as a very small essential line that helped women figure out how to do their makeup very quickly, with a few products and just what they need,” she told me. “By the time I left, it was a 10-step, 20-step, figuring out how to sell a lot of products to a lot of people.” Jones Road sells a more minimal assortment; it’s still 85% direct-to-consumer, with 17 of its own stores.

While some founders might argue it’s hard to build a brand today, Brown says it’s much easier than it was the first time around. Then, if something went wrong, it required 30 people in a conference room to figure out how to respond. “Now if something happens, I just press a button and say, ‘Sorry guys, we sold out. This is what happened,’ or ‘Sorry, this is how you use the product.'” For anyone who’s “scrappy, creative, smart, authentic” and can explain themselves—it’s easier to build an audience and a brand.

Brown doesn’t wish she knew anything that was to come before she sold to Estée Lauder. “If I would have known that it would have been so hard at the end—I don’t want to know that,” she says. “Going through those hard things has made me such a better person in life. I have no regrets.”

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

How Kylie Jenner led to Kalshi. Cofounder Luana Lopes Lara (currently the world's youngest female self-made billionaire) tried to make a wager on whether the youngest KarJenner sibling was pregnant in 2018 while interning at a trading firm (she was, with Stormi!). None of her coworkers at the time even knew who Jenner was, but the idea helped plant the seed for how today's prediction markets allow users to bet on nontraditional topics. 

Tyra Banks vs. Netflix. Banks appeared in the Netflix documentary Reality Check: Inside America's Next Top Model. But now she's suing, claiming her interview was edited "to support a false and defamatory narrative unrelated to what she actually expressed." That includes the docuseries' coverage of some very serious allegations; Banks says the series was edited to make it look like she knew she was being asked about a sexual assault and was trying to evade the topic, when she says she was never directly told or asked about the incident. Netflix hasn't commented on the suit. 

Serena Williams' return to tennis raises a complicated question... Since she last played professional tennis, Williams has become a spokesperson for Ro and spoken about her own experience taking a GLP-1 for weight loss. Professional sports have yet to evaluate whether GLP-1s will be classified as performance-enhancing. Right now, they're not and there is no issue with Williams' return to tennis—but one day classification of GLP-1s in sports could change. 

Cathie Wood is still all in on Elon. On SpaceX IPO day, the investor bought 3.3 million shares, adding to what she already owns through the private markets. She sold $48 million worth of stock across 13 other companies—including Tesla—to pay for the spree. 

ON MY RADAR

In Cesar Chavez's labor union, women often worked in fear NYT

Daddy issues: Trouble behind the scenes of Alex Cooper's Unwell media empire Vanity Fair

Confessions of a recovering baby woman The Cut

PARTING WORDS

"Thank you for uniting our city again…for uniting the world. You restored faith, hope and belief in that there’s nothing we can’t do!! ... Proud to be from the block!!"

— Jennifer Lopez on the Knicks' history-making championship win 

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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