Logo Help for a Beginner

[Bay]

Attached is part of a PNG file of a logo that I opened with Affinity Designer. It is not of the highest resolution (725kb).  I need to update it and create the following changes:

1. Make the red section transparent.
2. Save two copies of the lettered logo: a white one and a red one. 
3. Save a high quality vector file for both logos.

I know this is really basic but would really appreciate your expertise. Thank you!

[thomaso]

The easiest/fastest could be to redraw the "M" with the PenTool, … and fill-colour it with white or red, … if wanted placed in front of or nested inside a Rectangle.

[Bay]

2 minutes ago, thomaso said:

The easiest/fastest could be to redraw the "M" with the PenTool, … and fill-colour it with white or red, … if wanted placed in front of or nested inside a Rectangle.

Thank you for your reply but it does have extensive lettering with lots of serifs. That would actually take a while and I would have trouble keeping it all straight. ...Is there a way to select the red color and convert it to transparent then do something similar with the letters?

[v_kyr]

Just trace/vectorize the M and change it's colorings etc. accordingly.

• M_red.afdesign
• M_white.afdesign
• M_white.pdf