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 TO CONTINUE TO PAY HIGHER DIVIDEND RATE ON CLASS B
                  COMMON STOCK, SERIES 1, UNTIL JUNE 30, 2007

New York, NY, December 14, 2006 - Triarc Companies, Inc. (NYSE: TRY; TRY.B)
announced today that the Company's Board of Directors has determined that until
June 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 June 30, 2007. After June
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.  There can be no assurance  that any  additional  regular  quarterly cash
dividends  will  be  declared  or  paid,  or of the  amount  or  timing  of such
dividends, if any.

     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,  on August 10, 2006,  the Board  determined  that until
December  31, 2006 the Company  would  continue  to pay regular  quarterly  cash
dividends  at that  higher  rate on the Class B Common  Stock,  Series 1, if any
regular quarterly cash dividends were paid on the Class A Common Stock.

     As of October  31,  2006,  Triarc had  27,913,475  shares of Class A Common
Stock  outstanding  and  61,002,156  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  $14.1 billion under  management as of October 1,
2006.

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