Exhibit 99.2


                             Triarc Companies, Inc.
                                 280 Park Avenue
                               New York, NY 10017


                                                          For Immediate Release
CONTACT: Anne A. Tarbell
         (212) 451-3030
         www.triarc.com

                TRIARC DECLARES REGULAR QUARTERLY CASH DIVIDENDS

New York,  NY,  August 11, 2006 - Triarc  Companies,  Inc.  (NYSE:  TRY;  TRY.B)
announced  today that its Board of Directors has approved the payment of regular
quarterly  cash  dividends  of $0.08 per  share on its Class A Common  Stock and
$0.09 per share on its Class B Common  Stock,  Series 1. The record date for the
regular  quarterly  cash  dividends is September 1, 2006 and the payment date is
September 15, 2006.

     The  Certificate of Designation  for the Class B Common Stock provides that
the Class B Common Stock is  entitled,  through  September  4, 2006,  to receive
regular quarterly cash dividends that are at least 110% of any regular quarterly
cash dividends that are paid on the Class A Common Stock. However, on August 10,
2006,  the Board  determined  that until  December  31,  2006 the  Company  will
continue  to pay regular  quarterly  cash  dividends  at that higher rate on the
Class B Common Stock,  if any regular  quarterly  cash dividends are paid on the
Class A Common  Stock.  The  Board  has not yet made  any  determination  of the
relative  amounts of any regular  quarterly  cash dividends that will be paid on
the Class A Common Stock and Class B Common Stock after December 31, 2006.

     The  Certificate of Designation  for the Class B Common Stock also provides
that the Class B Common  Stock is entitled to 1/10 vote per share.  In addition,
the Class B Common  Stock is  entitled  to a $0.01 per share  preference  in the
event of any  liquidation or winding-up of Triarc and, after each share of Class
A Common Stock  receives  $0.01 per share,  will share  ratably with the Class A
Common Stock in the remaining assets of Triarc. Neither the Class B Common Stock
nor Triarc's currently outstanding Class A Common Stock are convertible into the
other class of common stock.

     As of July 28, 2006,  Triarc had 27,772,376  shares of Class A Common Stock
outstanding  and  60,672,679   shares  of  Class  B  Common  Stock,   Series  1,
outstanding.

     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  $13.7 billion  under  management as of August 1,
2006.

                                # # #

                           Notes To Follow





                             NOTES TO PRESS RELEASE

1.   There can be no assurance that any additional  regular quarterly or special
     cash dividends will be declared or paid, or of the amount or timing of such
     dividends, if any.

2.   After  December 31, 2006,  each share of Class B Common Stock,  Series 1 is
     entitled to at least 100% of any regular  quarterly  cash  dividend paid on
     each share of Class A Common Stock. Our Board of Directors has not yet made
     any  determination  of the relative  amounts of any regular  quarterly cash
     dividends  that will be paid on the Class A Common Stock and Class B Common
     Stock, Series 1 after December 31, 2006.