Paris's Galerie Jérôme de Noirmont will close at the end of its current exhibition, the owners announced today. Jérôme and Emmanuelle de Noirmont shared the news in an e-mail to supporters and friends. A show of the work of Marjane Satrapi is on view through Mar. 23.

The e-mail cited pressures to compete with international "mega-galleries," expand their business and take major risks in France's precarious economy.

The gallery opened in 1994 with the aim to present art that was not yet well-known in France, and exhibited a variety of international artists in the late '90s, including Shirin Neshat and A.R. Penck. In 1997 they presented France's  first solo exhibition of Jeff Koons. They invested in French talent, including Pierre et Gilles, Fabrice Hyber and Valérie Belin, the gallery's most recent addition.