27-Sep-23 – After 52 years in business, including 39 years on LaSalle Street, one of the largest handmade rug stores in the Midwest is going out of business.
Caspian Oriental Rugs made the announcement on September 19.
In 1961, Jamshid and his brother, Moussa Soomekh, expanded their family’s business in Iran to the United States, selling Oriental rugs to dealers in New York. In 1968, they were providing rugs to John M. Smyth retail stores in Chicago.
Caspian Oriental Rugs was established in 1971, and the brothers went on to open stores in Boston, Detroit, Milwaukee, Minneapolis, Pittsburgh, and southern California.
In 1978, they opened a store at 904 North Michigan Avenue and when that building was scheduled for demolition, moved Caspian Oriental Rugs to 700 North LaSalle Street.
Soomekh says every rug must be sold “in the shortest time possible” at discounts of 50 to 70 percent.