Textile, property and logistics group announces significant turnover rise

Pegasus World Holding has announced an increase in turnover to £13m during the last year, up from £8m the previous year.

The firm, founded by entrepreneur Ivan Zhou in York in 2006, operated in three divisions – Pegasus Group, Pegasus Investment, and Curo Fulfilment – covering textiles, medical and hygiene products, storage, logistics and fuilfilment, and property investment.

The firm now occupies two buildings in Logic Leeds business park, the 75,000-square-foot Curo House and 31,000-square-foot Pegasus House.

Ivan Zhou, the architect behind Pegasus’ success, explained: “The significant increase in turnover during the past 12 months is a resounding endorsement of what we do and a wonderful reflection on the hard work and commitment of our employees.”

Pegasus Group launched its UpCycle programme, recycling old textiles into sustainable mixed yarns, in October last year. The division now commands a significant segment of the UK’s hospitality textiles market, the firm said.

He added, “Pegasus World doesn’t just champion economic success but pioneers sustainable practices through its initiative, Pegasus Better World, advocating for a business paradigm that harmonises with societal well-being and environmental preservation.

“We envisage a brighter future where business ethics and social responsibility intersect, crafting our role in nurturing a world that thrives tomorrow.”

Pegasus World Holding is actively investing in expanding its operational capacities and entering new markets, strengthening existing collaborations and engaging with new international customers.