But now the looming recession means people are looking to have a "much less indulgent" festive season, according to Richard Perks, Mintel's director of retail and financial research.

Mintel公司零售和金融研究主管理查德·珀克斯说，如今的经济萧条意味着人们不会在节日里“放纵自己了”。

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Richard Perks, director of Retail Research at industry analysis company MINTEL, said Europe's luxury brands have remained relatively unaffected by reduced retail spending because the global consumer base for luxury goods is growing.

CNN: Luxury goods stay on trend