Many a camera suffer from leather covering deterioration. It usually becomes brittle with age and shatters when handled. Best bet is to find a recovering kit from
http://www.cameraleather.com but if they don't carry that kit, you can also make the template for your particular camera.
You'll need one blank sheet of VH grain (cheapest) from the above online store. It's got a sticky side which will adhere to the camera body, once cut and placed on it. Curing time is about 12-24 hours. You'll also need a roll of blue painter's tape (fancier masking tape), a few toothpicks, a very sharp Exacto knife and a set of hole punchers of various diameters for putting holes in the right places on the new leatherette, if needed.
The whole operation needs to be done in a well lit area.
Lay the tape over th entire area to be covered. Best is to cover it in patches, little by little and to press down around the edges with a toothpick:
Go around every straight or curved edge and push down firmly. If there is a need for small holes to allow for various windows (like the film counter), then cover them wit tape and press down with your fingers to make an impression. This will help us later in determining the correct placement of the hole punchers.
After the entire area is covered, cut the tape around the edges, very careful so you don't slip and mar the finish. Lift tape and place on top of the replacement leatherette. Press down firmly for a good contact.
Cut the leatherette part with a sharp Exacto or small scissor and then punch the holes with the right diameter hole punchers (you can find a set at your local hardware store like Home Depot or Lowe's). Always place the leatherette on a piece of hard wood or plastic when punching the holes.
Now lift the tape and set it aside in case you need to make another replacement. Lift the white adhesive protector from the other side of the leatherette and expose the adhesive. Place it very carefully onto the piece to be recovered and press down all around, more so at corners and around the holes.
Also, for cleaning a dirty leatherette I use Windex (Ammonia glass cleaner in the US) on a piece of soft cotton. Wipe it gently and lift as much dirt as you can. After drying you can then use regular shoe polish to restore the leatherette to its initial lustre. Use the non smelly kind of shoe polish, if you can and polish it with a soft brush after drying for 10 minutes.