Coffee News Recap, 1 May: Nestlé confirms Blue Bottle sale to Luckin backer, China cuts tariffs on Ethiopian coffee imports & other stories

Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the week.  Editor’s note Nestlé has confirmed it will sell its majority stake in Blue Bottle Coffee to Centurium Capital, the private equity firm behind Chinese coffee chain Luckin. The deal, first reported in March 2026, values the roaster at around US$400m, […] The post Coffee News Recap, 1 May: Nestlé confirms Blue Bottle sale to Luckin backer, China cuts tariffs on Ethiopian coffee imports & other stories appeared first on Perfect Daily Grind .