This is such a Christmas single. If you listen closely to the "True Love" snippet, she says these lyrics, '...my true love gave to me." As in, "On the first day of Christmas, my true love gave to me."
I'm putting money down and saying that production is either Cashmere Cat, Tommy Brown, or Harmony Samuels(all three of them LOVE to do those warm chords (think of "Adore" and "My Everything")), and it was written by Ariana, Victoria McCants, and/or probably Taylor Parks (her Urban songwriting clique).