8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
      Pursuant To Section 13 or 15 (d) of the Securities Exchange Act of 1934

            Date of Report (Date of earliest event reported): June 2, 2006

                             TRIARC COMPANIES, INC.
                --------------------------------------------------
              (Exact name of registrant as specified in its charter)


 DELAWARE                       1-2207                       38-0471180
 -----------------              --------------               --------------
 (State or Other                (Commission                  (I.R.S. Employer
 Jurisdiction of                File Number)                 Identification No.)
 Incorporation)

 280 Park Avenue
 New York, NY                                               10017
 ------------------------------------------------------------------------------
 (Address of principal executive offices)                  (Zip Code)

      Registrant's telephone number, including area code: (212) 451-3000

                                N/A
- -------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))





Item 7.01.  Regulation FD Disclosure.

     On June 2, 2006,  Triarc Companies,  Inc.  ("Triarc") and Arby's Restaurant
Group,  Inc.  ("Arby's"),  a  subsidiary  of  Triarc,  issued  a  press  release
announcing  certain  organizational  changes,  including the  appointment of Tom
Garrett as  President  and Chief  Operating  Officer and  Stephen  Hare as Chief
Financial Officer of Arby's. A copy of the press release is furnished as Exhibit
99.1 to this Current Report.

     The  information in this Current Report,  including the Exhibit hereto,  is
being furnished,  not filed,  pursuant to Regulation FD. The information in this
Current  Report,  including the Exhibit  hereto,  shall not be  incorporated  by
reference  into any  registration  statement  pursuant to the  Securities Act of
1933, as amended.  The  furnishing of the  information  in this Current  Report,
including  the Exhibit  hereto,  is not intended to, and does not,  constitute a
determination  or  admission  that  the  information  in  this  Current  Report,
including the Exhibit  hereto,  is material,  or that investors  should consider
this  information  before  making an  investment  decision  with  respect to any
security of Triarc.

Item 9.01.  Financial Statements and Exhibits.

(d)         Exhibits

99.1        Press release of Triarc Companies, Inc. and Arby's Restaurant
               Group, Inc. dated June 2, 2006.


                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                    TRIARC COMPANIES, INC.


                                    By:/s/STUART ROSEN
                                       ------------------------------
                                       Stuart I. Rosen
                                       Senior Vice President
                                          and Secretary

Dated:   June 2, 2006







                                  EXHIBIT INDEX

Exhibit                   Description
- -------                   -----------

99.1     Press release of Triarc Companies, Inc. and Arby's Restaurant Group,
            Inc. dated June 2, 2006.

EX-99.1

                                                                    Exhibit 99.1


                                                           For Immediate Release


CONTACTS:     Anne A. Tarbell                  John Gray
              Triarc Companies, Inc.           Arby's Restaurant Group, Inc.
              (212) 451-3030                   (678) 514-4100
              atarbell@triarc.com              jgray@arbys.com


                     ARBY'S ANNOUNCES ORGANIZATIONAL CHANGES

            Tom Garrett Appointed President & Chief Operating Officer
                 Steve Hare Joins As New Chief Financial Officer

     New York, NY, June 2, 2006 - Arby's Restaurant Group,  Inc.  ("Arby's"),  a
wholly owned subsidiary of Triarc Companies,  Inc. (NYSE: TRY, TRY.B), announced
today  organizational  changes  designed to strengthen  its  management  team as
Arby's  begins to implement  multiple  growth  initiatives,  refine  operational
practices and work toward effecting the possible Triarc corporate restructuring.
Arby's is the  franchisor of the Arby's(R)  restaurant  system and the owner and
operator of  approximately  1,000 Arby's  restaurants.  There are  approximately
3,500 Arby's restaurants worldwide.

     Roland C. Smith, Arby's Chief Executive Officer,  said today that Thomas A.
Garrett has been appointed Arby's President,  in addition to continuing to serve
as  its  Chief  Operating   Officer.   Smith  also  announced  that,   effective
immediately,  Stephen E. Hare  would  become  Arby's  Chief  Financial  Officer,
replacing Todd D. Weyhrich who is leaving Arby's to pursue other interests. Both
Garrett and Hare will report to Smith.

     Garrett,  44, was appointed  Arby's Chief  Operating  Officer in July 2005,
following Triarc's acquisition of the RTM Restaurant Group ("RTM"),  Arby's then
largest franchisee.  Prior thereto,  Garrett was President of RTM, where he held
positions of increasing  responsibility  since 1994.  Garrett began his business
career in 1980 as an assistant  manager of an Arby's  restaurant in his hometown
of Gadsden, Alabama.

     Until  recently,  Hare, 53, served as Group  President of Cadmus  Publisher
Services Group, a division of Cadmus Communications  Corporation,  where he also
held the position of Executive Vice President and Chief  Financial  Officer from
2001 to 2003.  From 1996 to 2001,  Hare was Executive  Vice  President and Chief
Financial  Officer of AMF Bowling  Worldwide,  where he also was a member of the
Board of Directors.  From 1990 to 1996, Hare was Senior Vice President and Chief
Financial Officer of James River Corporation.  Prior thereto,  he held positions
at Kidder, Peabody & Co. and Ernst & Young. Hare is a graduate of the University
of Notre Dame,  where he earned a BBA degree in Finance and Accounting.  He also
has  an  MBA  from  the  Harvard  Business  School  and  is a  certified  public
accountant.

     Commenting on the Arby's  organizational  changes,  Nelson Peltz,  Triarc's
Chairman  and Chief  Executive  Officer,  said:  "In April  2006,  Roland  Smith
returned to Arby's  Restaurant  Group as Chief  Executive  Officer.  Since then,
Roland and his executive team have been working hard to design an organizational
structure  that will best enable  Arby's to achieve its  operating and financial
goals.  The  changes  announced  today give us  confidence  that  Arby's is well
positioned to achieve these objectives."

     Peter W. May, Triarc's  President and Chief Operating  Officer,  added: "We
are  delighted  that Tom  Garrett  will  assume a larger  role at  Arby's  going
forward.  Tom has a track  record  of  leadership,  operational  excellence  and
cross-functional  experience  that has earned him  tremendous  respect  from his
colleagues,  our  franchisees and the entire Triarc team. We are also pleased to
welcome  to Arby's  Steve  Hare who has  extensive  experience  in  leading  the
financial,   accounting   and   information   technology   functions   of  large
publicly-held companies."

     Roland Smith,  Arby's Chief Executive  Officer,  said: "I am confident that
the organizational  changes announced today will further strengthen our team and
will provide the right  structure to deliver our goals.  I am excited  about the
many opportunities  ahead for the Arby's system. My team and I also look forward
to  working   closely  with  Triarc  to   successfully   effect  its   corporate
restructuring."

     Triarc is a holding company and, through its  subsidiaries,  the franchisor
of the Arby's(R)  restaurant system,  which is comprised of approximately  3,500
restaurants.  Of these  restaurants,  more than 1,000 are owned and  operated by
subsidiaries of Triarc.  Triarc also owns an approximate 64% capital interest, a
profits interest of at least 52% and  approximately 94% of the voting interests,
in Deerfield & Company LLC, a Chicago-based alternative asset manager offering a
diverse range of fixed income and  credit-related  strategies  to  institutional
investors with approximately $12.4 billion under management as of April 2, 2006.

                                      # # #

                                 Notes to Follow



                          NOTES TO PRESS RELEASE
                          ----------------------


     1. References in this press release to "company-owned"  restaurants include
owned and leased  restaurants  as well as two  restaurants  managed  pursuant to
management agreements.

     2. The description of the RTM  acquisition  contained in this press release
is  only a  summary  and  is  qualified  in its  entirety  by  reference  to the
definitive  agreements  relating to the  acquisition,  copies of which have been
filed by us with the  Securities  and  Exchange  Commission  as  exhibits to our
current and/or  periodic  filings under the Securities  Exchange Act of 1934, as
amended.

     3. There can be no assurance that the corporate restructuring will occur or
the form, terms or timing of such restructuring if it does occur. As of the date
hereof,  the  Board of  Directors  has not  reached  any  definitive  conclusion
concerning the scope, benefits or timing of the corporate restructuring.

     4. The  statements  in this press  release that are not  historical  facts,
including,  most importantly,  information concerning possible or assumed future
results  of  operations  of  Triarc   Companies,   Inc.  and  its   subsidiaries
(collectively,  "Triarc" or the "Company") and statements  preceded by, followed
by,  or  that  include  the  words  "may,"   "believes,"   "plans,"   "expects,"
"anticipates"  or the  negation  thereof,  or  similar  expressions,  constitute
"forward-looking  statements"  within  the  meaning  of the  Private  Securities
Litigation  Reform Act of 1995 (the "Reform Act").  All statements  that address
operating  performance,  events or developments that are expected or anticipated
to occur  in the  future,  including  statements  relating  to  revenue  growth,
earnings per share growth or statements expressing general optimism about future
operating  results,  are  forward-looking  statements  within the meaning of the
Reform  Act.  These   forward-looking   statements  are  based  on  our  current
expectations,  speak  only  as of  the  date  of  this  press  release  and  are
susceptible to a number of risks,  uncertainties  and other factors.  Our actual
results,  performance  and  achievements  may differ  materially from any future
results,   performance   or   achievements   expressed   or   implied   by  such
forward-looking statements. For those statements, we claim the protection of the
safe harbor for  forward-looking  statements  contained in the Reform Act.  Many
important  factors could affect our future results and could cause those results
to differ  materially  from those  expressed in the  forward-looking  statements
contained herein. Such factors include, but are not limited to, the following:

o    competition,   including  pricing   pressures,   the  potential  impact  of
     competitors' new units on sales by Arby's(R) restaurants;

o    consumers'  perceptions of the relative  quality,  variety and value of the
     food products we offer;

o    success of operating initiatives;

o    development costs;

o    advertising and promotional efforts;

o    brand awareness;

o    the existence or absence of positive or adverse publicity;

o    new product and concept  development by us and our competitors,  and market
     acceptance of such new product offerings and concepts;

o    changes in consumer tastes and  preferences,  including  changes  resulting
     from concerns over nutritional or safety aspects of beef,  poultry,  french
     fries or other foods or the effects of  food-borne  illnesses  such as "mad
     cow disease" and avian influenza or "bird flu";

o    changes in spending patterns and demographic trends;

o    adverse  economic   conditions,   including  high  unemployment   rates  in
     geographic regions that contain a high concentration of Arby's restaurants;

o    the business and financial viability of key franchisees;

o    the timely payment of franchisee obligations due to us;

o    availability,  location and terms of sites for restaurant development by us
     and our franchisees;

o    the ability of our  franchisees to open new  restaurants in accordance with
     their  development  commitments,  including the ability of  franchisees  to
     finance restaurant development;

o    delays in opening new restaurants or completing remodels;

o    the timing and impact of acquisitions and dispositions of restaurants;

o    our ability to successfully integrate acquired restaurant operations;

o    anticipated or unanticipated restaurant closures by us and our franchisees;

o    our ability to  identify,  attract and retain  potential  franchisees  with
     sufficient experience and financial resources to develop and operate Arby's
     restaurants;

o    changes in business  strategy or development  plans, and the willingness of
     our franchisees to participate in our strategy;

o    business abilities and judgment of our and our franchisees'  management and
     other personnel;

o    availability   of  qualified   restaurant   personnel  to  us  and  to  our
     franchisees;

o    our ability, if necessary,  to secure alternative  distribution of supplies
     of food,  equipment and other products to Arby's restaurants at competitive
     rates and in adequate  amounts,  and the potential  financial impact of any
     interruptions in such distribution;

o    changes in commodity (including beef), labor,  supplies and other operating
     costs and availability and cost of insurance;

o    adverse weather conditions;

o    significant  reductions in our client assets under management  (which would
     reduce our advisory fee revenue),  due to such factors as weak  performance
     of our investment  products (either on an absolute basis or relative to our
     competitors or other  investment  strategies),  substantial  illiquidity or
     price volatility in the fixed income instruments that we trade, loss of key
     portfolio  management or other  personnel,  reduced investor demand for the
     types of investment  products we offer, and loss of investor confidence due
     to adverse publicity;

o    increased  competition from other asset managers  offering similar types of
     products to those we offer;

o    pricing pressure on the advisory fees that we can charge for our investment
     advisory services;

o    difficulty in increasing assets under management,  or efficiently  managing
     existing assets,  due to market-related  constraints on trading capacity or
     lack of potentially profitable trading opportunities;

o    our removal as  investment  manager of one or more of the  collateral  debt
     obligation vehicles (CDOs) or other accounts we manage, or the reduction in
     our CDO  management  fees  because  of payment  defaults  by issuers of the
     underlying  collateral or the triggering of certain structural  protections
     built into CDOs;

o    availability, terms (including changes in interest rates) and deployment of
     capital;

o    changes in legal or  self-regulatory  requirements,  including  franchising
     laws,    investment   management    regulations,    accounting   standards,
     environmental laws, overtime rules, minimum wage rates and taxation rates;

o    the costs,  uncertainties  and other  effects of legal,  environmental  and
     administrative proceedings;

o    the  impact  of  general  economic   conditions  on  consumer  spending  or
     securities  investing,  including a slower consumer economy and the effects
     of war or terrorist activities; and

o    other risks and uncertainties affecting us and our subsidiaries referred to
     in referred to in our Annual  Report on Form 10-K for the fiscal year ended
     January 1,  2006 (see  especially  "Item  1A.  Risk  Factors"  and "Item 7.
     Management's  Discussion and Analysis of Financial Condition and Results of
     Operations")  and in our  other  current  and  periodic  filings  with  the
     Securities  and  Exchange  Commission,   all  of  which  are  difficult  or
     impossible to predict accurately and many of which are beyond our control.

All future written and oral forward-looking statements attributable to us or any
person  acting on our behalf are  expressly  qualified in their  entirety by the
cautionary  statements  contained or referred to in this section.  New risks and
uncertainties  arise from time to time,  and it is impossible  for us to predict
these  events or how they may affect us. We assume no  obligation  to update any
forward-looking  statements  after the date of this press release as a result of
new information,  future events or  developments,  except as required by federal
securities  laws.  In  addition,  it is our  policy  generally  not to make  any
specific  projections  as  to  future  earnings,  and  we  do  not  endorse  any
projections regarding future performance that may be made by third parties.