EXHIBIT 99.2



                                                          For Immediate Release

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



           TRIARC ADOPTS NEW $50 MILLION STOCK REPURCHASE PROGRAM AND
           CONTINUES TO PAY HIGHER DIVIDEND ON CLASS B COMMON STOCK,
                                    SERIES 1


New  York,  NY,  June 5, 2007 --  Triarc  Companies,  Inc.  (NYSE:  TRY,  TRY.B)
announced  today that it has adopted a new $50 million  Class A Common Stock and
Class B Common Stock,  Series 1, repurchase  program that will replace  Triarc's
current stock repurchase program when it expires on June 30, 2007. The new stock
repurchase  program will remain in effect until December 28, 2008 and will allow
the  Company to  continue  repurchasing  Class A and Class B shares  when and if
market conditions warrant and to the extent legally permissible.

     Since 1998, Triarc has repurchased approximately $340 million of its stock,
including  approximately 10 million Class A Common Shares for approximately $214
million and all of the then  outstanding  approximately 6 million Class B Common
Shares  for  approximately  $127  million.  As of April  30,  2007,  Triarc  had
28,859,184  shares  of Class A Common  Stock  and  63,746,932  shares of Class B
Common Stock, Series 1, outstanding.

     The Board of Directors  also  determined  that until December 30, 2007, the
Company will  continue to pay regular  quarterly  cash  dividends on the Class B
Common  Stock,  Series 1, that are at least 110% of any regular  quarterly  cash
dividends  that are paid on the Class A Common Stock,  if any regular  quarterly
cash dividends are paid on the Class A Common Stock.

     The 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 30, 2007. After
December 30, 2007, 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.

     The  Certificate  of  Designation  for the Class B Common Stock,  Series 1,
provides  that the  Class B  Common  Stock,  Series  1,  was  entitled,  through
September 4, 2006, to receive regular quarterly cash dividends that are at least
110% of any  regular  quarterly  cash  dividends  that  were paid on the Class A
Common Stock.  However,  the Board previously  extended that date until June 30,
2007.

     Triarc  is  a  holding  company  and,  through  its  subsidiaries,  is  the
franchisor of the Arby's restaurant system and the owner of approximately 94% of
the  voting  interests,  64% of the  capital  interests  and at least 52% of the
profits  interests in Deerfield & Company LLC  (Deerfield),  an asset management
firm.  The  Arby's  restaurant  system  is  comprised  of  approximately   3,600
restaurants, of which, as of April 1, 2007, 1,061 were owned and operated by our
subsidiaries.  Deerfield,  through its wholly-owned subsidiary Deerfield Capital
Management  LLC, is a  Chicago-based  asset manager  offering a diverse range of
fixed income and  credit-related  strategies  to  institutional  investors  with
approximately $14.2 billion under management as of May 1, 2007.

                                      # # #

                                 Notes to Follow




                                      Notes

1.     There can be no assurance that any share  repurchases will be made in the
       future or that any such repurchases will result in additional shareholder
       value.

2.     There can be no assurance  that any  additional  regular  quarterly  cash
       dividends  will be  declared  or paid  after the date  hereof,  or of the
       amount or timing of such dividends, if any. Any future dividend payments,
       if any, are subject to applicable  law, will be made at the discretion of
       the  Board  and will be  based  on such  factors  as  Triarc's  earnings,
       financial condition, cash requirements and other factors.