Last year a How Do I Armor? specifcally on leather armor, this year Skallagrim did a series of videos examining how a sample of the thickest, hardest leather available holds up against a variety of attack types. Including axes:
Notably this leather he’s testing is extremely thick (6 millimeters, for perspective – leather used for saddles is usually only 4 to 5 millimeters thick). It can be dyed, painted, gilded and embossed, but it certainly can’t be sculpted into skin-tight body hugging fetish attire.
Well not without crushing, pinching and chaffing the wearer to death anyway.