Leather companies taking different directions after excess trimmed (7)

I believe the answer is:

morocco

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'leather' is the definition.
(I know that morocco is a type of leather)

I can't explain the rest of the clue.

(Other definitions for morocco that I've seen before include "Rabat its capital" , "N. African country" , "Soft leather used for in book binding" , "Country in North Africa" , "Country of fine leather" .)

I've seen this clue in The Guardian.

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