EXHIBIT 99.1

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

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

                     TRIARC ANNOUNCES ORGANIZATIONAL CHANGES

               Atlanta-based Arby's executives assume additional
                       Triarc corporate responsibilities

New York, NY, September 4, 2007 - Triarc Companies, Inc. (NYSE: TRY; TRY.B) said
today it has made several executive changes effective  September 1, 2007 as part
of its previously announced corporate restructuring, including:

     - Thomas A.  Garrett  has been named  Executive  Vice  President  and Chief
       Operating Officer
     - Stephen E. Hare has been named Senior Vice President and Chief  Financial
       Officer
     - Steven B. Graham has been named Senior Vice President - Chief  Accounting
       Officer
     - Nils H. Okeson has been named Senior Vice President and Associate General
       Counsel
     - Daniel T. Collins has been named Senior Vice President - Treasurer

     Roland C. Smith,  Chief  Executive  Officer of Triarc,  commented,  "We are
pleased  to  announce  these  organizational  changes,  which  are  part  of our
previously   announced  plan  to  consolidate   our  corporate   operations  and
headquarters in Atlanta.  All of our new Atlanta-based  executive  officers have
proven track records of leadership  and  operational  excellence and under their
direction we are well-positioned to deliver on our goals."

     Francis T. McCarron,  Triarc's former Chief Financial Officer,  and Fred H.
Schaefer,  Triarc's former Chief  Accounting  Officer,  will continue to provide
services to the Company  during a  transition  period.  Additionally,  Stuart I.
Rosen will  continue in his role at Triarc as Senior Vice  President and General
Counsel.  Following the  transition  period,  Mr. Okeson will become the General
Counsel of Triarc.

     Mr. Garrett, who has assumed the role of Executive Vice President and Chief
Operating  Officer,  also serves as  President  and Chief  Operating  Officer of
Arby's Restaurant  Group,  Inc., a post he has held since June 2006. Mr. Garrett
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 to that,  Mr.  Garrett was  President of RTM,  where he held  positions of
increasing responsibility since 1980.

     Mr.  Hare,  who has  assumed the role of Senior  Vice  President  and Chief
Financial  Officer,  also serves as Chief Financial Officer of Arby's Restaurant
Group,  Inc., a position he has held since June 2006.  Previously,  he 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.  He has also held
executive positions at AMF Bowling Worldwide and James River Corporation.

     Mr.  Graham,  who has  assumed  the role of Senior  Vice  President - Chief
Accounting Officer,  also serves as Senior Vice President,  Corporate Controller
of Arby's  Restaurant  Group,  Inc., a post he has held since January 2007. From
October 2006  through  December  2006,  he served as Vice  President,  Assistant
Corporate  Controller of Arby's  Restaurant  Group,  Inc. From 2005 to 2006, Mr.
Graham served as Corporate Controller at Princeton Review LLC. Prior to that, he
held various  financial  positions at Sbarro,  Inc.,  including  serving as Vice
President - Controller from 1999 to 2005.

     Mr. Okeson, who has assumed the role of Senior Vice President and Associate
General  Counsel,  has also been Secretary of Triarc since June 30, 2007 and has
served as General Counsel of Arby's  Restaurant  Group, Inc. since October 2005.
Prior to joining  Arby's,  Mr.  Okeson was a partner  in the  Atlanta  office of
Alston & Bird, LLP.

     Mr. Collins,  who has assumed the role of Senior Vice President - Treasurer
and  Assistant  Secretary,  also  serves as Senior Vice  President,  Treasury of
Arby's Restaurant Group, Inc., a position he has held since June 2005, following
Arby's  acquisition  of RTM.  Prior to joining RTM in 1997 as Vice  President of
Finance,  Mr.  Collins was Senior Vice  President and Region Manager at Citicorp
from 1984 through 1994.

     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 July 1, 2007, 1,081 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 $14.8 billion under management as of August 1, 2007.

                                      # # #

                                 Notes To Follow





                              NOTE TO PRESS RELEASE


There can be no assurance that our corporate  restructuring will be completed or
the terms or timing of such completed  restructuring.  There can be no assurance
that Triarc's New  York-based  corporate  operations  and  headquarters  will be
successfully integrated with ARG's existing Atlanta-based operations.