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German publisher Ammann Verlag has announced it will stop publishing from the middle of next year, citing "a market situation that is becoming increasingly difficult for literature".
The house, which was founded in 1981 by Egon Ammann and Marie-Luise Flammersfeld, published authors such as Fernando Pessoa, Ossip Mandelstam and Antonio Machado, as well as new translations of Fyodor Dostoevsky, which created a "successful renaissance" for the Russian author in Germany.
In total, Ammann has published roughly 1,000 titles. The publishers said next spring would see its "last substantial and splendid literary offering".
The pair cited their "advancing years" as another factor in the decision to close. "A publishing house with a profile like that of Ammann is closely linked with the people responsible, and it could not have survived without them," the announcement said.
"We gave it our all," the publishers added.