OK, here's what i did to restore my gerstner (3) and 1 pilloid tool chests. none were as bad as the leather covered one in the picture. i'm not sure how to remove the leather; but, here's what i would try. spray with a heavy coat of mineral spirits and keep it wet for maybe an hour or more and see if it will peel off. be careful not to use a scraper that will gouge the wood under the leather. once the leather is off , use a wood scraper to scrape the glue off. again, i've never removed a leather cover; so, i don't know what you will find under it. i have sanded all of the ones that i restored. depending on how hard it is to remove residual glue; start with 150-180 grit "no load" paper and finish with 220-320. use sanding blocks to keep everything flat. there will most likely be gouges and scratches ; you can't get all of them out. after this give everything a good scrubbing with mineral spirits to remove any oil stains. i've scrubbed with murphys oil soap and rinsed in water. let dry and lightly sand again. heres what i use for a finish. VELVIT OIL. you can buy it on line. by this time you should have removed all of the hardware to be polished with a buffing wheel. the great thing of velvit oil is that; you apply it by hand; there are no runs or lint. apply a generous coat and keep it wet for 10 minutes or so. use napkins to wipe it off (the more expensive napkins) they leave NO lint. after several of these coats you will start to see a good sheen. at this time i would apply 2 more coats by hand without wiping off. next is the felt. very hard to apply the felt inside the drawers. buy some 1/8 in. aluminum on line. measure the sq. feet that you need. cut to the sizes that you on the band saw less about 1/16 in use sticky back felt to cover aluminum and trim. if you do this, let us know how it works out