Mintel,said the Asia Pacific region has overtaken Europe to become the largest market for luxury goods companies.Louis Vuitton store in Bond Street,London.The luxury goods firm recorded profits of ■ 6bn on sales of ■ 28bn,Photograph Rex Features1.Recession,what recession?While high street retailers are going2.to the wall,the world’s most luxurious brands are reporting Mintel, said the Pacific region has overtaken Europe to become the largest market for luxury goods companies. Louis Vuitton store in Bond Street, London. The luxury goods firm recorded profits of ■ 6bn on sales of ■ 28bn, Photograph Rex Features. Recession, what recession? While high street retailers are going2.to the wall, the world’s most luxurious brands are reporting