PRESS RELEASE


CONTACT:     Martin M. Shea                     For Immediate Release
             Triarc Companies, Inc.
             212/230-3030

             
TRIARC ANNOUNCES STOCK REPURCHASE PROGRAM


NEW YORK, New York, July 8, 1996 -- Triarc Companies, Inc. (NYSE:TRY)
announced today that its management has been authorized, when and if market
conditions warrant, to purchase over the next 12 months, up to $20 million
of Triarc Class A Stock.  No such repurchases have been made to date and
there can be no assurance that any such repurchases will be made.

Triarc had previously, in the first six months of 1995, had a similar
program in effect through which it had purchased approximately $1.5 million
worth of stock through open market purchases.

We believe that the recent sale of Graniteville's textile operations and
the recent completion of the National Propane IPO have greatly improved our
balance sheet and sharply concentrated our business focus on our beverage
and restaurant business.  These steps have created a situation where we
believe our stock is undervalued in the marketplace, and where purchases by
the company will benefit our long-term stockholders,  said Nelson Peltz,
Triarc's chairman and chief executive officer.

Triarc has previously reported that it sold its Graniteville textile
operations and completed an initial public offering for the Master Limited
Partnership of its National Propane business.  As a result of these
transactions and the refinancing of C.H. Patrick, Triarc's specialty dyes
and chemical business, Triarc received $546 million in cash, $208 million
net of debt repayments, and related fees and expenses.

Triarc currently has outstanding approximately 24 million shares of Class A
Common Stock of which approximately 25% is held by Mr. Peltz and Peter W.
May, Triarc's president and chief operating officer.

With sales of nearly $1 billion, Triarc Companies is comprised of four
businesses: restaurants (Arby's, Arby's Roast Town, P.T. Noodle's and
ZuZu), beverages (Royal Crown Company and Mistic Brands), liquefied
petroleum gas (National Propane) and specialty dyes and chemicals (C.H.
Patrick).

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