Joseph Cayre
| Joseph Cayre | |
|---|---|
| Born |
Joseph Jack Cayre August 1, 1941 |
| Residence | Manhattan |
| Nationality | United States |
| Occupation | real estate developer |
| Known for | --co-founder of Salsoul Records --co-founder of GoodTimes Entertainment --co-founder of GT Interactive Software --founder of Midtown Equities |
| Spouse(s) | Trina Cayre |
| Children | Michael Cayre Steven Cayre Jack Cayre Daniel Cayre Grace Cayre |
| Family | Stanley Cayre (brother) Kenneth Cayre (brother) |
Joseph Cayre (born August 1, 1941) is an American businessman and real estate developer who co-founded with his brothers record label Salsoul Records, video tape distributor and producer GoodTimes Entertainment, and video game publisher GT Interactive Software. He is also the founder and principal of the New York-based real estate development firm Midtown Equities.
Born Joseph Jack Cayre to a Syrian Jewish family in Brooklyn but raised in Kansas City, Missouri until he was 8 and then Miami Beach, Florida until he was 20. His father owned a souvenir store in Miami Beach where Cayre worked as a teenager. He has two brothers: Stanley and Kenneth.
In 1959, Cayre and his brothers started their first business operating a duty-free retail store, the Paris Freeport Shop, on a cruise ship then owned by a friend that made a daily trip from Miami to the Bimini, Bahamas and back. They operated the store until 1967 when the ship was retired. Although still partners, the brothers engaged in separate business activities partnering with cousins from Mexico: Stan opened a textile factory in Puerto Rico Swan Tricot Mills; in 1963, Ken opened a ladies pantyhose factory, Kandy Mills, in Hialeah, Florida; and Joseph opened a plastic injection molding machine factory making 8-track cassette tape cartridges. When their cousins - who had purchased the exclusive 8-track distribution rights in Mexico for the Spanish music portfolio of RCA and CBS - had excess inventory, the Cayre brothers would sell it in Spanish language markets in the USA. After being requested to stop selling in the USA by both CBS and RCA (since the cousins only had the right to distribute in Mexico), the Cayre brothers, selling their textile interests to their Mexican cousins, purchased the exclusive 8-track Spanish language distribution rights from both CBS and RCA; within a year, they also acquired the same distribution rights for Spanish music LP records. In 1972, they founded their music distribution business, Caytronics Distributing in New York City.
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