Does show signs of wear. At some point the pads were replace with what seems to be a faux leather material.
One foot and one paw have opened again. Looks like the back was opened up at some time too. Please see pictures for condition. Remember vintage items will usually not look new and may show signs of a mysterious past life, may have expected minor and/or unseen or inside imperfections not listed. Item history is unknown tome.
It is probable that it has been washed or altered.