Modifiche

[[File:194x-Bayard-Excelsior-Instro-Back.jpg|thumb|Instruction for the [[Excelsior]] model]]

[[File:194x-Bayard-Excelsior-Instro-Back.jpg|thumb|Instruction for the [[Excelsior]] model]]

<div class="mw-translate-fuzzy">

In that same period<ref>the two trademarks appear in [[:File:1939-08-Bayard-Pricelist-Int.jpg|this price list]] of August 1939. </ref> two other flagship sub-brands were also used directed towards two different market segments: the ''Excelsior'' brand for the second tier of medium quality pen production, and the ''Alpin'' brand used for cheaper pens produced for the lower end of the market, mainly students and schoolchildren.  

In that same period two other flagship sub-brands were also used directed towards two different market segments: the ''Excelsior'' brand for the second tier of medium quality pen production, and the ''Alpin'' brand used for cheaper pens produced for the lower end of the market, mainly students and schoolchildren.

<div class="mw-translate-fuzzy">

<div class="mw-translate-fuzzy">