This stand-alone full-color picture book was rewritten in verse and illustrated by Walter Crane. He also did a complete design, from typography to the tiniest details (note his decorative initials in left or right down corners). It was published by George Routledge & Sons in 1875. There's a whole series of similar sixpence / one shilling picture books which helped to set a new standard in quality literature for children with dozens of titles being published in the last three decades of 19th century.
Such books were much more expensive to produce but can bring considerably bigger profits. Publisher tried to minimize the risks in all possible ways. Using the same picture for the cover and one of the inside illustrations was only one of the common tricks (not used in this case). They also tried to publish the same story in different formats. This one, for instance, was reprinted, in several compilations with other Crane's works, sometimes making pretty incompatible combinations (in style and in content) what is just one of the possible causes why Crane eventually stopped illustrating for kids.
Another important fact is a different mindset of marketing. While the promotion of books published before the second half of the 19th century focused mainly on the content, often not even mentioning the artists, these started to advertise the artists as well. You can see the name of the series: 'Walter Crane's Toy Books' on the cover what somehow guaranteed the quality of the product, building first internationally acclaimed brands in literature for kids. On the other hand, the status of a star often changed the mindset of an artist too, leading to many disagreements and fights among everybody involved.
Here is the story about Little Red Riding Hood:
Red Riding Hood seems pretty innocent fairy tale at first sight, yet it is actually very controversial. Controversy is part of the charm of best classics of all times and this fairy tale definitely belongs to it.
Did you know you can understand / interpret it in dozens of ways?
It can be understood as a story of lost innocence. Folklorists see it as the poetic tale about always repeating cycles in nature (the wolf is personification of the night eating the Red Riding Hood / Sun at the end of each and every day. Mythologists claim their rights to it because the plot is just simplified variation of the myth about Persephone and Hades.
And so on and on.
If we just stick at the children's versions, we got Grimms' with a hunter and Perrault's without one ...
Controversy is what differs great stories from good ones. Little Red Riding Hood is one of the greatest.
Many artists tried to rewrite it, some with more, others with less success. At this point you are welcome to check how legendary Beatrix Potter borrowed the plot and characters for her picture book Jemima Puddle-Duck.
Then return and reread. You'll definitely find something new.