Yes, they could have done a chromebook or pixelbook variant. No sane reason for a third brand that dilutes the other two aside from internal google politics/promotions and to show shareholders.
This does nothing for the customer and you can see a brand called Apple which has been successful with the Air, pro and neo under one brand.
- Chromebook with Gemini
- Chromebook Pro
- Geminibook
- Googlebook
They all have their pros and cons.