UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             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): March 29, 2007

                             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 8.01.    Other Events

     On March 29, 2007,  Triarc Companies,  Inc. (the "Company")  announced that
the trustee under the  Indenture  (the  "Indenture")  governing the Company's 5%
Convertible  Notes due 2023 (the  "Notes")  has  determined  that holders of the
Notes are entitled to convert  their Notes during the  upcoming  fiscal  quarter
ending on July 1,  2007,  in  accordance  with the terms and  conditions  of the
Indenture. Any determination regarding the right to convert the Notes during any
subsequent  fiscal  quarter  will be made in  accordance  with the  terms of the
Indenture.  A copy of the  Company's  March 29, 2007 press  release  making this
announcement  and a copy of the Notice of the Right to Convert  delivered to the
holders of the Notes are  attached  hereto as  Exhibit  99.1 and  Exhibit  99.2,
respectively.

Item 9.01.    Financial Statements and Exhibits

(d)   Exhibits

99.1  Press Release, dated March 29, 2007.

99.2  Notice of Right to Convert, dated March 29, 2007.






                                   SIGNATURES

     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.


Dated:  March 29, 2007

                                          TRIARC COMPANIES, INC.



                                          By: /S/STUART I. ROSEN
                                              -----------------------------
                                              Name:  Stuart I. Rosen
                                              Title: Senior Vice President
                                                     and Secretary





                                  EXHIBIT INDEX

Exhibit
Number        Description of Document
-------       -----------------------

99.1           Press Release, dated March 29, 2007

99.2           Notice of Right to Convert, dated March 29, 2007