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): January 18, 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 January 18, 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 current  fiscal  quarter
ending on April 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  shall be made in  accordance  with the terms of the
Indenture.  A copy of the Company's  January 18, 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

(c)    Exhibits

99.1   Press Release, dated January 18, 2007.

99.2   Notice of Right to Convert, dated January 18, 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:  January 18, 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 January 18, 2007

99.2          Notice of Right to Convert, dated January 18, 2007