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 ELECTS RUSSELL V. UMPHENOUR, JR, DIRECTOR OF TRIARC


New York, NY, August 11, 2005 -- Triarc Companies,  Inc. (NYSE: TRY, TRY.B)
announced today that its Board of Directors elected Russell V. Umphenour, Jr. a
director of the Company.

     Mr. Umphenour,  61, is the former Chief Executive Officer of RTM Restaurant
Group ("RTM"),  which he founded in 1973. On July 25, 2005, Triarc completed its
acquisition  of RTM,  which  was  Arby's  largest  franchisee,  with 775  Arby's
restaurants in 22 states.  In connection  with Triarc's  acquisition of RTM, Mr.
Umphenour  became the beneficial  owner of  approximately  3.6 million shares of
Triarc's Class B Common Stock, Series 1 (NYSE: TRY.B).

     Prior to founding RTM, Mr.  Umphenour was an Executive Vice President and a
stockholder of an Arby's franchisee in Louisville, Kentucky. He attended Evangel
College in Springfield, Missouri.

     Commenting on Mr. Umphenour's  election,  Nelson Peltz,  Chairman and Chief
Executive  Officer of Triarc,  said: "We are delighted to welcome Russ Umphenour
to Triarc's Board of Directors. We look forward to drawing upon Russ's extensive
knowledge of the restaurant  industry,  his significant  operating expertise and
his  entrepreneurial  management skills as we work to grow the Arby's Restaurant
Group and enhance shareholder value at Triarc."

     Triarc is a holding company and, through its  subsidiaries,  the franchisor
of the Arby's  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 in
Deerfield & Company LLC, a Chicago-based  asset manager offering a diverse range
of fixed income and  credit-related  strategies to institutional  investors with
$10.2 billion under management as of August 1, 2005.

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