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 HOLDS 2006 ANNUAL MEETING

New York, NY, June 7, 2006 - Triarc Companies, Inc. (NYSE: TRY; TRY.B) announced
today that at the Company's  annual meeting,  stockholders  re-elected  Triarc's
twelve  (12)  directors,  approved an  amendment  to the  Company's  Amended and
Restated 2002 Equity Participation Plan and ratified the appointment of Deloitte
& Touche LLP as the Company's independent registered public accountants.

     The following  twelve  directors were  re-elected:  Nelson Peltz,  Triarc's
chairman and chief executive officer; Peter W. May, Triarc's president and chief
operating officer;  Hugh L. Carey,  former governor of the State of New York and
member of Congress,  and currently a partner of Harris Beach LLP;  Clive Chajet,
chairman  of  Chajet  Consultancy,  L.L.C.;  Edward  P.  Garden,  Triarc's  vice
chairman;  Joseph A. Levato, former executive vice president and chief financial
officer of Triarc;  Gregory H. Sachs,  chairman and chief  executive  officer of
Deerfield  &  Company  LLC;  David E.  Schwab  II, a senior  counsel  of  Cowan,
Liebowitz  & Latman,  P.C.;  Raymond S.  Troubh,  a financial  consultant  and a
director of various  public  companies;  Gerald Tsai,  Jr., a private  investor;
Russell V. Umphenour,  Jr., former chief executive officer of the RTM Restaurant
Group; and Jack L. Wasserman, attorney-at-law.

     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.

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