Don Teodoro was Puerto Rican, born in Carolina and came from a large family made up of six brothers and six sisters.
It was called that because it sold everything, from postage stamps, candy, soft drinks, fabrics, etc., and they even had somewhere in the store home remedies, pills for different ailments, purgatives, etc.
The famous industrialization program had begun, precisely directed by Mr. Teodoro Moscoso Jr., and the prospects for future developments in all phases of commerce were good.
As the economy grew, several groups of shopping center developers were organized and construction of this type of commercial complex began in the metropolitan area, Ponce, Mayagüez and Caguas.
[1][3] In 1970, then president, Mr. José Moscoso, died suddenly on September 26 of that year, only 4 months after having opened another pharmacy in Ponce in the La Rambla Shopping Center.
Fortunately, Don José knew how to gather a group of dedicated and aggressive executives who, together with his widow and two oldest children, determined to continue with the business.
At the date of Don José's death, the Cayey Shopping Center was already under construction and a contract had been signed to establish a Moscoso Pharmacy there.
[1] When developing new shopping centers in different parts of the island, Moscoso always thought of (before any other firm on the continent or in the country) as a "symbol of trust since 1898", which was precisely the phrases we they used in their logo.
In June of the same year the El Rey Pharmacy in front of Plaza de Cataño was acquired from Mr. Luis Ferrer.
Then the next opening was in Humacao with a super modern pharmacy, this time not in a shopping center, but in the heart of the city, in front of the main square.
The establishment, with 7,200 square feet of sales space, represented an investment of approximately $300,000, and initially employed 16 people, according to the vice president of the Moscoso chain, Francisco Hernández.
Los Jardines was a new shopping center developed by the company Commercial Properties, in which the Grand Union, Western Auto, and Time Out stores had recently opened their doors, in addition to the multiplex movie theaters, Guaynabo Cinemas.
Farmacias Moscoso, a chain chaired at the time by businessman José Guillermo Moscoso, had 2 pharmacies, located in Ponce, Mayagüez, Arecibo, Carolina, Cayey, Fajardo, Humacao, Trujillo Alto, San Juan and the metropolitan area, Guayama, Caguas, Bayamón and Cataño.
[7] On April 8, 1983, it was reported that the Moscoso Pharmacy chain had acquired, for an undisclosed sum, four stores in Virgin Islands, thus making its first foray into that branch of business outside of Puerto Rico.
The purchased units, which were property of the West Indies firm Corporation, operated under the name Drug Fair and were located one in Long Bay and another in the Four Winds Plaza, St. Thomas, and the other two in the Golden Rock and Villa La Reine shopping centers, in St. Croix.
The chain, whose first store was established by former Public Works administrator Teodoro Moscoso, employed about 650 people in its businesses at the time.
[10] The Aibonito Moscoso former location is considered a local historical landmark and hosts a museum dedicated to the pharmaceutical retail chain.