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                                                                    EXHIBIT 23.2

                        CONSENT OF INDEPENDENT AUDITORS

    We consent to the reference to our firm under the caption 'Independent
Auditors' in Amendment No. 1 to Registration Statement No. 333-106273 on
Form S-3 and related Prospectus of Triarc Companies, Inc. (the Company) for the
registration of $175,000,000 of its 5% Convertible Notes due 2023 and 4,375,000
shares of its Class A common stock and to the incorporation by reference therein
of our report dated February 2, 2001 with respect to the consolidated financial
statements of Encore Capital Group, Inc. (formerly MCM Capital Group, Inc.) for
the year ended December 31, 2000 included as Exhibit 99.1 to the Company's
Annual Report (Form 10-K) for the fiscal year ended December 29, 2002, filed
with the Securities and Exchange Commission.

/S/ ERNST & YOUNG LLP

Kansas City, Missouri
July 8, 2003