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I know they had to do it. I know it makes perfect sense in a clever way. But that don't make it purdy.
Co-branding gone bad.
I'm not going to bother stepping up to any soap boxes over this one. But it's just more evidence that co-branding, while it may make absolute pefect business sense, rarely looks good. It rarely bolsters either brand's image. (Speaking from purely a visual-branding perspective.)