New Haven Businesswoman Reportedly Buys Hair Salon For $1

NEW HAVEN, CT — Talk about a bargain! After working there for the last 15 years, Kathy Moura recently bought New Haven's Pio of Italy Hair Studio for $1 from 79-year-old owner Pio Imperati, reported the New Haven Register.

With the purchase, Moura, a Naugatuck resident, became the first person in her family to own a business. As part of the deal, she pays rent to Imperati, and the legendary hair specialist now works for her.

Pio of Italy has been in business in New Haven for more than 50 years, making the $1 purchase price for a thriving, long-standing business and equipment — currently located on Whalley Avenue — the deal of a lifetime for Moura.

"Eventually, it was a dream of mine come true to be able to turn the salon over to someone worthy," Imperati told the Register.

Read the New Haven Register story.