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In Other Yogurt News: NNU Student Wins Yogurt Franchise in Class Competition

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The business of making yogurt is big news this week. First, Chobani Yogurt founder Hamdi Ulukaya announced he was handing over to his employees stock worth around 10 percent of the company. Ulukaya handed over white envelopes containing the shares to his employees at Chobani's New York facility on April 26 and Ulukaya is in Idaho Thursday to do the same thing for employees at the Chobani Twin Falls factory. 

Experts say—assuming the company is worth $3 billion—some employees could someday soon be millionaires.

MIKE MOZART, CC BY 2.0
In an another yogurt-related news item, the Idaho Press-Tribune reports that a soon-to-graduate Northwest Nazarene University student is set to become the owner of his own Cherry Berry Yogurt franchise in Oklahoma.

The Press-Tribune reports the franchise was the grand prize in a "Franchise Venture" competition, in which students had to present business plans to successfully operate a frozen yogurt franchise—a subsidiary of Rocky Mountain Chocolate Factory, in Broken Arrow, Okla.

COURTESY NORTHWEST NAZARENE UNIVERSITY
  • Courtesy Northwest Nazarene University
Martin Lira, 23, already co-owns a lawn care business with his brother, but Lira told the Press-Tribune that he's more than ready to increase sales for the "under-performing" yogurt franchise in Oklahoma.  

"He has the work ethic to make this business successful," Rocky Mountain field consultant Casey Crail told the Press-Tribune. "His all-around thinking was very complete and very impressive."