Washington, D.C. 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): July 5, 2005

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

         Delaware                         1-2207                  38-0471180
(State or other jurisdiction     (Commission File Number)       (IRS Employer
    of incorporation)                                        Identification No.)

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

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

                                 Not Applicable
       (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 (see General Instruction A.2. below):

   |_| 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 July 5,  2005,  Deerfield  Triarc  Capital  Corp.  ("Deerfield  Triarc")
completed the initial public  offering of 25,000,000  shares of its common stock
(including  approximately 680,000 shares sold by certain selling shareholders of
Deerfield  Triarc) at a price of $16.00 per share. The offering  generated gross
proceeds to Deerfield Triarc of approximately  $389.1 million  (Deerfield Triarc
did  not  receive  any  proceeds   from  the  sale  of  shares  by  the  selling
shareholders)  and  net  proceeds  to  Deerfield  Triarc,  after  deducting  the
underwriters'  discounts and commissions  and estimated  offering  expenses,  of
approximately $363.7 million. The underwriters have been granted a 30-day option
to purchase up to an additional 3.75 million shares of Deerfield Triarc's common
stock at the $16.00 per share offering price, less  underwriters'  discounts and
commissions, to cover over-allotments, if any.

     Deerfield  Triarc's  common stock is listed on the New York Stock  Exchange
under the symbol "DFR".

     Deerfield  Triarc  began  operations  in December  2004.  Deerfield  Triarc
intends to qualify as a real estate  investment  trust (REIT) for federal income
tax  purposes.  It  invests  in  real  estate  related  securities  and  various
alternative  investments,  such as  collateralized  debt  obligations,  consumer
asset-backed  securities,  senior  secured and unsecured  bank loans,  corporate
mezzanine  loans,  high yield  corporate  bonds,  distressed  and stressed  debt
securities and private  equity  investments.  Deerfield  Triarc is an externally
managed  REIT,  with  Deerfield   Capital   Management  LLC   ("Deerfield"),   a
Chicago-based  asset  manager  offering  a  diverse  range of fixed  income  and
credit-related  strategies to institutional  investors,  as its manager.  Triarc
Companies,  Inc.  ("Triarc")  owns an indirect  majority  interest in Deerfield.
Deerfield had approximately $8.8 billion under management as of May 1, 2005.

     A  registration  statement  relating to these  securities has been declared
effective by the Securities and Exchange  Commission.  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 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 or Deerfield Triarc.


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

                                         TRIARC COMPANIES, INC.

                                         By: /s/STUART ROSEN
                                             Stuart I. Rosen
                                             Senior Vice President
                                             and Associate General Counsel

Dated:   July 7, 2005