The Arena Group, a digital publishing company formerly called Maven, plans to acquire AMG/Parade, the parent company to the storied American magazine Parade, in a $16 million cash and stock deal. Why it matters: AMG/Parade will anchor The Arena Group's new push into lifestyle content and will boost its sports vertical, per Ross Levinsohn, CEO of The Arena Group. AMG (Athlon Media Group) includes a professional sports magazine arm called Athlon Sports and Parade Media Group, which includes Parade Magazine as well as the cooking outlet Relish and the wellness outlet Spry Living.

If you’re strolling down the Marylebone High Street in London, you’ll stumble across a popular bookstore called Daunt Books. Inside, sunlight pours through stained glass windows, dappling rows of books organized by country, rather than theme, to appeal to armchair travelers who want to explore the world through reading. “It’s how I like to read, personally,” says James Daunt, who opened the bookstore in 1990 when he was in his twenties. “But it muddles the books because you abandon traditional subject categories.” Daunt acknowledges that his approach to bookselling is unusual, and perhaps a little risky. But it’s been a hit. He went on to open five other Daunt Book locations across London, which have thrived over the past 33 years, even as Amazon has grown explosively, putting many bookstores out of business.

REI Co-op is opening its first location in Maine, bringing quality outdoor gear and renowned expertise to the Greater Portland area in fall 2021. The approximately 24,400 square-foot store will be part of the new Rock Row development in Westbrook and will serve as a home base for the co-op's 47,000 lifetime members in Maine by inspiring and enabling a life outside for all. REI will offer top-quality gear for the activities that each season offers, ranging from paddling to cold weather gear. “A part of the New England community since we opened our first store in Massachusetts in 1987, we’re thrilled to expand our regional presence with our first store in Maine,” says Becky Smith, REI’s Northeast regional director. “We are especially excited to share a passion with the community for spending time outside year-round, from trekking through the snow to paddling along the coast.”