I would want you to design as close to the new design as possible (2), like keeping the menubars and the location of the products. Just make sure it looks “upgraded” and nice/professional. No large banners over the entire page. You can also play a bit with the logo to get it into your design.
You can also fit in the latest products column into the design and the vendor image beside the product image, like the old shop (1).
Keep the design clean as possible.
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