UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant To Section 13 or 15 (d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): April 8, 2005

                             TRIARC COMPANIES, INC.
               --------------------------------------------------
             (Exact name of registrant as specified in its charter)


        DELAWARE                      1-2207                 38-0471180
        -----------------             --------------         -----------
        (State or Other                (Commission           (I.R.S. Employer
        Jurisdiction of                File Number)          Identification No.)
        Incorporation)

        280 Park Avenue
        New York, NY                                     10017
        ------------------------------------------------------------------------
       (Address of principal executive offices)          (Zip Code)

       Registrant's telephone number, including area code:   (212)  451-3000

                                       N/A
        -----------------------------------------------------------------------
       (Former Name or Former Address, if Changed Since Last Report)


     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act 
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the 
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the 
     Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.  Regulation FD Disclosure

     On April 8, 2005,  Deerfield  Triarc Capital Corp.  ("DTCC") issued a press
release  announcing  that  it  had  filed  a  registration  statement  with  the
Securities  Exchange  Commission for the initial public offering of $450 million
of its common stock. DTCC is externally  managed by Deerfield Capital Management
LLC ("Deerfield Capital"). Triarc Companies, Inc. ("Triarc") owns an approximate
64% capital interest in Deerfield & Company LLC, the parent company of Deerfield
Capital. A copy of the press release is attached as an exhibit hereto.

     A registration  statement  relating to these securities has been filed with
the Securities and Exchange  Commission but has not yet become effective.  These
securities  may not be sold nor may offers to buy be accepted  prior to the time
the  registration  statement  becomes  effective.  This Current Report shall not
constitute  an offer to sell or the  solicitation  of an offer to buy nor  shall
there  be any sale of  these  securities  in any  state  in  which  such  offer,
solicitation or sale would be unlawful prior to  registration  or  qualification
under the securities laws of any such state.

     The  information  in this  Current  Report is being  furnished,  not filed,
pursuant to Regulation FD. The information in this Current Report, including the
exhibit hereto,  shall not be  incorporated  by reference into any  registration
statement pursuant to the Securities Act of 1933, as amended.  The furnishing of
the  information  in this  Current  Report  is not  intended  to,  and does not,
constitute a  determination  or admission  that the  information in this Current
Report is material,  or that investors should consider this  information  before
making an investment decision with respect to any security of Triarc.

Item 9.01.  Financial Statements and Exhibits.

     (c)  Exhibits.

      99.1 Press release of Deerfield Triarc Capital Corp. dated April 8, 2005.


                                SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant has duly caused this report to be signed on behalf by the undersigned
hereunto duly authorized.


                                       TRIARC COMPANIES, INC.


                                       By: STUART I. ROSEN
                                       --------------------
                                       Stuart I. Rosen
                                       Senior Vice President, Associate General
                                       Counsel and Secretary


Dated: April 8, 2005







                                  EXHIBIT INDEX

Exhibit                     Description
--------                    -----------

99.1       Press release of Deerfield Triarc Capital Corp. dated April 8, 2005.