Companies simplify their logos like this because it makes it much easier to print the logo and make merch. All the details on the barrel and the guy are a nightmare to cut out of vynil to iron on. A product etc.

The company I work at changed their logo from one with a globe and several words to a 3 letter abbreviation and an underline. Old logo was way cooler but cost like 10x as much to put on. A T-shirt because of the multiple colors and all the detail.

Corporate people suck the soul out of everything min maxing everything for profit.