Canadian design studio Molo Design have created this handy little cork peg. 

The Vancouver based team devised the simple display and storage solution to work using a magnetic mounting system.

When an item is hung from the end of cork peg (like clothing), the total weight bearing capacity is 1.2kg; and when an item is hung from the middle (something a bit heavier like a handbag) the weight bearing capacity is 2.2kg.

Molo will be heading to the ICFF this month too with this and a selection of their most recent works.

To take a look at more and to pick up a few pegs, click below.