A label for displaying information regarding a container and suspending the container from a support, and methods for forming the same. The label includes a base label having a base adhesive on the lower surface thereof. A connector strip is secured to the upper surface of the base label along a longitudinal edge by at least one adhesive patch. A hanger is secured by the legs thereof to the connector strip. The hanger is foldable between a stored position wherein the hanger lies adjacent the upper surface of the base web and a hanging position wherein the hanger is folded away from the base label for receiving the support through the opening. A remaining portion of the upper surface of the base label is not covered by either of the connector strip and the hanger when the hanger is in the stored position. The label may further include at least one removable self adhesive secondary label forming a part thereof.