New Pepsi logo shows up on bottle renderings

So I’m sitting here trying to think of a brand re-design uglier than this recently unveiled Pepsi logo with a “smile”, and well, I cannot think of one.
They essentially have two logos in their new logo; 1 is the new “smile” logo and the other is hidden inside the lowercase “e” in “pepsi” (a take on their soon-to-be-retired logo). [via]
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- My first encounter with the new Pepsi logo