Restyling is of all times and the vast majority of big brands do it. Some are successfull, some are not and some take time to get accustomed to. Which make it an enormous task with great consequences. The cost of a failed restyling is the need for a make-over and loss of credibility.
Overall my impression is moderate. I stand behind the brand colours: well chosen hue and saturation; I do like the Madras stripes. The drawing and lettering though are to my taste rather boring: I miss character strength, soul and thoughtfulness in the forming of lines and shapes.
The least successfull is the Brand Logo, which has a definite psychedelic swirl. It swept me right back into the 70's. Now I did love that period for the lack of nannies, hence vibrant might be applicable, contemporary not so much.